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Clarion Refinances DC Property
New York–headquartered real estate investment manager Clarion Partners has obtained a $95 million refinance loan for McPherson Building located in Washington, DC.
New York–headquartered real estate investment managerClarion Partnershas obtained a $95 million refinance loan forMcPherson Buildinglocated in Washington, DC,GlobeStreports.Cassidy Turleysenior managing directorsJohn CampanellaandDavid Webbarranged the loan.
The loan has been provided by a life company. At present, the property, which recently underwent a $25.1 million renovation, is 96 percent leased to a mix of retail tenants, public and private companies and law firms.
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