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In what is being called one of the most significant land acquisitions in the history of AllianceTexas, the new property in Alliance Westport will serve as a strategic link between two pieces of critical logistics infrastructure.
Vanbarton Group recently purchased 901 Fifth Ave. from Schnitzer West and Investcorp, marking its expansion into Seattle to pursue long-term investment strategies in this growing market.
Regency Centers acquired the mixed-use center, The Pruneyard, directly from a joint venture between Ellis Partners and investment funds managed by an affiliate of Fortress Investment Group.
The 99-year ground lease will bring UMass $235 million and has the potential to foster 3.4 million square feet of mixed-use development at the property.