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The William Warren Group Grows Storquest Portfolio

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Last year, Bank of Stockton originated a $7 million loan for the purchase and conversion of the 1946-built warehouse. : The William Warren Group has opened a new StorQuest facility encompassing 103,000 rentable square feet in an opportunity zone in Modesto, Calif. The Grupe Cos. owns the self storage property. The single-story building was an industrial warehouse originally completed in 1946. The owner acquired the property for $4.3 million from Centerra Capital in June 2019, according to public records. Bank of Stockton provided a $7 million acquisition and development loan for the adaptive reuse project, Yardi Matrix data shows.

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