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The lease capitalizes a 16-story development that will include 278 units and 28,000 SF of office and retail space, situated within SomeraRoad's larger Paseo South Gulch master plan.
The firm has received approval to move forward with its 27-story development, The Sinclair, located at the well-known intersection of West End and Elliston.
The two companies have formed a joint-venture to acquire 13 newly-constructed properties across the nation; representing the joint-venture's seventh partnership.