CLARION PARTNERS TO BUY FIFTH AVENUE PROPERTY FOR $225M

NEW YORK CITY — Clarion Partners LLC has acquired 100-104 Fifth Ave., a 277,412-square-foot Midtown South property, from the Kaufman Organization and Invesco Real Estate for $225 million, according to Bloomberg News. Kaufman Organization will serve as the property’s exclusive leasing and management agent. Studley’s capital transaction group brokered the sale. Currently 100 percent leased, the property is in close proximity to Union Square, public transportation, green space, entertainment and an array of services.