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WASHINGTON, DC-Clarion Partners has secured a $110.2 million loan for The Washington Building, a 213,896-square-foot class A office property in the District. SunTrust is providing the funding for Clarion, which owns the building on behalf of a pension fund client. CBRE brokered the transaction.

The building’s location, at 1440 New York Ave., NW, was, to state the obvious, a huge plus, CBRE’s Joe Donato tells GlobeSt.com. “As always, there will continue to be market demand for high-quality assets in the city.”

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