DLA Piper represented Clarion Partners in its sale of LMF Frisa Comercial, a commercial real estate joint venture, to partner Frisa, a Mexican real estate investment group. The transaction closed on July 10 and is valued at US$207 million.

Clarion, a New York-based investment company, had owned 50 percent of LMF Frisa Comercial, which includes nine shopping centers in Mexico.

The Mexico City-based DLA Piper team representing Clarion was led by partners Manuel Rajunov and Dania Duncan and included associates Mario Rea and Javier Zenteno.