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Clarion Partners

Allianz Real Estate of America has provided a $200 million (€183 million) loan to a comingled fund managed by Clarion Partners to finance a mixed-use US property portfolio.
Blackstone Mortgage Trust (BXMT) has provided a $247.5m acquisition loan on 180 Maiden Lane, a 1.2m sq ft downtown Manhattan trophy tower that MHP Realty Services and Clarion Partners purchased this week for $470m, Real Estate Capital has learned. Up to $350m in funds will be made available to the joint venture as it leases up and renovates the property following the departure of anchor tenant American International Group (AIG).
TIAA-CREF has provided a $175m fixed-rate loan to Clarion Partners’ Lion Industrial Trust Fund. The 10-year loan will be used to retire the existing debt on a seven-property, five-million-square-foot industrial portfolio that includes two assets in San Bernardino, California; four in Dallas, Texas; and one in Southaven, Mississippi. Constructed between 2001 and 2005, the portfolio […]

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