CLARION PARTNERS BUYS INTEREST IN ALEXANDRIA OFFICE PROPERTY FOR $65.8M

ALEXANDRIA, VA. — Clarion Partners LLC, a real estate investment manager, has acquired a majority condominium interest in Carlyle Overlook, an office property located in the Carlyle district of Alexandria. The purchase price was approximately $65.8 million. Clarion purchased the top five floors, ground-floor retail and parking at the property, which is 91.4 percent leased. The remaining interest of the 126,462-square-foot, Class A office building is held by the American Society of Clinical Oncology, which is headquartered in the building.