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SAN JOSE, CALIF. — PCCP, LLC and Hunter Storm Properties have formed a joint venture to acquire a 30-acre infill land parcel in San Jose. The JV immediately sold five of the acres at closing. It plans to use the balance for Village Oaks, a 320,000-square-foot retail development. Construction should commence on this project in the fourth quarter of 2012. It should be completed a year later. The parcel is located at Cottle Road and Highway 85.