Keith Lampi, president and chief operating officer of IPC Keith Lampi, president and chief operating officer of IPC

ST. PAUL, MN—Inland Private Capital Corp. of Oak Brook, IL, reports it has closed its first private placement offering by a “qualified opportunity fund,” Saint Paul Opportunity Zone, L.L.C. and will move forward with a mixed-use project at the Seven Corners Gateway site here.

The Saint Paul Opportunity Zone, L.L.C. is fully funded and is no longer accepting new investors. The fund acquired approximately 2.3 acres of land in Downtown Saint Paul for $5 million in August 2019. The site is comprised of two contiguous parcels, commonly referred to as the Seven Corners Gateway Site, which was previously functioned as a parking lot.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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