"We are delighted to own this fully renovated building, with itslocation near Grand Central Terminal," says Jeffrey A. Barclay,managing director and head of acquisitions for Clarion. He alsonotes that the firm plans to continue acquiring properties in theNew York City market.
Clarion's other properties in the New York metro area include111 Eighth Ave. in Manhattan, Greenwich Office Park in Greenwich,CT and Ten Exchange Place in Jersey City, NJ. 685 Third will bemanaged and leased by Clarion Realty Services.
Clarion, based here, manages $8.5 billion in assets forinstitutional and private clients.
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