DLA Piper represented Clarion Partners, LLC in the sale of its 50% interest in a commercial real estate joint venture to partner Frisa, a Mexican real estate investment group. Clarion is a New York-based real estate investment manager with more than US$30 billion in total assets under management.
The joint venture portfolio included nine Class A shopping centers totaling 3.17 million square feet, and is valued at approximately US$600 million. The transaction closed in July.
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.
