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SUGAR LAND, TX-Clarion Partners, a New York pension fund and investment adviser, has acquired the 170,000-sf Offices at Kensington in First Colony from Sugarland Properties.

Aetna is the lead tenant for the fully leased, two four-story structures, consisting of about 85,000 sf each. The structures had been built in 1997 and 1998 and are positioned along Texas 6, north of US Highway 59. Chase Texas Realty Advisors has acted on the seller’s behalf in the transaction.

Clarion’s latest holding is positioned close to Sugar Land Town Square, a mixed-use project consisting of 850,000 sf of office space, 250,000 sf of retail space, 272 multifamily units and a 300-room hotel. Sugarland Properties also is the developer on that project.

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