Clarion Partners provides $415 million mezzanine loan for an industrial portfolio of 110 properties

NEW YORK–(BUSINESS WIRE)–Clarion Partners, LLC, a leading real estate investment manager, today announced that the company is providing a $415 million mezzanine loan as part of a package that will refinance a portion of the industrial portfolio Blackstone’s Cubic/Colony comprising 110 industrial properties totaling 15.7 million square feet in 15 markets.

The high-quality portfolio, which is over 93% leased to a diverse list of over 300 unique local, regional and national tenants, includes properties located primarily in the Dallas-Fort Worth, Phoenix, Baltimore and Atlanta markets. The portfolio benefits from continued strong demand trends in the logistics market and their prime MSA locations.

“Clarion Partners’ deep expertise in the logistics sector, combined with our debt team’s longstanding focus on mezzanine financing, positioned us to facilitate the tight timelines of the transaction,” said the Managing Director. Drew Fung. “Clarion Partners is pleased to provide financing on this impressive portfolio of logistics properties.

About Clarion Partners, LLC

Clarion Partners, LLC, has been a leading real estate investment manager for over 39 years. Based in New York, the company has offices strategically located in the United States and Europe. With $71 billion in real estate assets and debt under management, Clarion Partners offers a wide range of real estate strategies across the entire risk/return spectrum to 500 institutional investors worldwide. Clarion scales across all major property types and was an early entrant into the industry sector. The company’s industrial team manages a portfolio of nearly 900 properties in the United States and Europe, covering more than 206 million square feet. More information about the company is available at www.clarionpartners.com.

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