Clarion Partners Receives $200 Million Loan for Nine-Property National Mixed-Use Portfolio

Clarion Partners bought Junction 15, a multifamily and retail property in Plano, Texas, in 2015. The specific properties that were refinanced were not disclosed. Clarion Partners bought Junction 15, a multifamily and retail property in Plano, Texas, in 2015. The specific properties that were refinanced were not disclosed.

New York City — Clarion Partners has received $200 million in financing for a nine-property portfolio comprising multi-housing, industrial and retail properties in six states throughout the U.S.

Included in the financing are:

  • Three multifamily properties totaling 761 units in Plano, Texas, Dallas and Minneapolis.
  • Four industrial properties totaling 1.7 million square feet in Hanover, Maryland, Denver, Pompano Beach, Florida, and Redlands, California.
  • Two retail properties totaling 275,859 square feet in Delray Beach and Celebration, Florida.

Riaz Cassum, Lauren O’Neil and Robyn King of HFF represented the borrower in the transaction. The firm arranged the loan through one of its correspondent lenders.

Clarion Partners is a New York-based real estate investment manager with $43.1 billion in total assets under management.

—   Kristin Hiller

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