New York-based Clarion Partners, on behalf of a commingled fund and a separate account managed by the firm has picked up an eleven property portfolio for $218 million. Purchased from Walnut Creek, California-based Loja Real Estate, the properties were single-tenant, net-leased grocery stores located in Chicago, Florida, Minnesota and California, and a multi-tenant, grocery-anchored shopping center located in Denver, Colorado. The sale fits with Loja’s long-term portfolio strategy. “Loja looks to seize opportunity when it presents itself, on both the buy side and the sell side. With uncertainties around the election and given commercial property valuations, we felt it was a good time to move some properties,” said Katherine Burr, Executive Chairwoman of Loja Real Estate.
