Clarion Partners has acquired a seven-building, $592 million portfolio totaling 2.2 million square feet of newer class A and class B industrial assets strategically located in infill submarkets across Los Angeles, the Inland Empire, and Seattle. The portfolio is 100 percent leased to credit tenants.
The acquisition is part of the firm’s industrial and logistics platform expansion across the U.S. and Europe, having completed more than $2 billion in gross industrial acquisitions over the past 12 months.
Over the same period, Clarion initiated development of approximately 5.5 million square feet of modern, class A industrial properties, with total projected costs approaching $1 billion across U.S. and European markets. The firm also strategically sold approximately $2.1 billion of predominantly non-strategic assets, advancing portfolio repositioning efforts and enhancing overall portfolio quality.
The activity, which includes acquisitions of stabilized assets, la
