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\r\n<\/p>\r\nThe latest feather in the cap of a thriving tribal corporation is an eclectic collection of historic buildings near downtown Sioux City<\/a>, Iowa, a crossroads for Indian nations in the region.\r\n <\/p>\r\nHo-Chunk Capital<\/a> \u2013 a division of Ho-Chunk, Inc.<\/a>, the Winnebago Tribe\u2019s economic development corporation \u2013 recently purchased several buildings in a district called Historic Fourth Street. The purchase includes 78,527 square feet of properties that feature a vibrant mix of tenants, including bars, offices, shops and restaurants.\r\n <\/p>\r\nThe tribal corporation bought the properties from the Aalfs family, and the properties include the former Aalfs Manufacturing building<\/a>, which now serves as an office building.\r\n <\/p>\r\nThe deal closed March 5.\r\n <\/p>\r\n\u201cWe look forward to preserving and revitalizing these historic downtown properties,\u201d said Dennis Johnson, CEO of Ho-Chunk Capital. \u201cThis purchase symbolizes Ho-Chunk Capital\u2019s growing investment in the future of Sioux City. We are honored to work with the Aalfs family to continue local ownership.\u201d\r\n <\/p>\r\n <\/p>\r\nHo-Chunk Capital has emerged as the region\u2019s leading real estate developer in recent years, including major investments in downtown Sioux City and the Flatwater Crossing<\/a> master-planned community in South Sioux City.\r\n <\/p>\r\nThe Aalfs family were central figures in helping revitalize the downtown area previously known as \u201cLower Fourth\u201d into what is now Historic Fourth Street<\/a>. Jack Aalfs said they wanted to preserve the historic integrity of the area while also offering an opportunity for small business development.\r\n <\/p>\r\n\u201cWe are grateful we had the privilege to participate in its transformation to \u2018Historic Fourth,\u2019\u201d Aalfs said. \u201cThe decision to sell our properties was not an easy one, so it was important to us to find a buyer that shared our commitment to Sioux City and its history. We believe that Ho-Chunk Capital has demonstrated that commitment, and we are excited for the future of Historic Fourth in their hands.\u201d\r\n <\/p>\r\nIn addition to the five-story Aalfs building at 1005 Fourth St., the purchase includes adjacent parcels of 1019-23 Fourth St., 1014 Fourth St., 1016-24 Fourth St. and 1010-12 Fourth St. Some commercial tenants at these properties include Buffalo Alice, Antiques on Historic Fourth, M\u2019s on 4th and SoHo American Kitchen & Bar<\/a>.\r\n <\/p>\r\nHo-Chunk Capital will develop long-term plans to preserve and renovate the buildings to historic standards and create new opportunity for commercial and residential tenants. The oldest building dates back to 1885.\r\n <\/p>\r\n <\/p>\r\nHo-Chunk Capital\u2019s real estate investments help generate long-term revenue for Ho-Chunk, Inc.\u2019s mission. The company reinvests in the Winnebago Tribe<\/a> among shared priorities of housing, employment, youth, education and elders.\r\n <\/p>\r\nThe purchase caps a multi-year effort by Ho-Chunk, Inc. to redevelop historic areas in Sioux City.\r\n![\"Ho](\"https:\/\/indianz.com\/News\/wp-content\/uploads\/2021\/03\/11\/siouxcityhochunkinc-scaled.jpg\")
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