Acquisition in Kentwood!
Terrapin Properties of Michigan, LLC., a newly formed subsidiary of Waséyabek Development Company, LLC (WDC), purchased the building and property located at 3270 29th Street in Kentwood, Michigan near the Woodland Mall in November 2016.
This was an ideal investment for WDC as it provides an asset that will continue to build value and provide stable revenue over time. With Goodwill Industries of Greater Grand Rapids as a 10 year tenant, WDC can continue to build a solid base and look towards the next acquisition with an economically stable, long-term leaseholder as part of the WDC portfolio.
WDC was organized by the NHBP Tribal Council to pursue non-gaming economic diversification opportunities. As part of a broader economic development commitment by the Tribe, WDC’s growth strategy involves acquiring or investing in profitable companies and income properties within Michigan and the Midwest. In keeping with the philosophy of the Tribe, WDC evaluates their investments, acquisitions and partnerships with an eye towards supporting future generations. Thank you to Tribal Council, Membership and the WDC Board of Directors for empowering the WDC staff to pursue economic development opportunities in service to the Tribe.