Clarion Partners, LLC acquired a 70% stake in 400 Dexter Avenue North from Alexandria Real Estate Equities, Inc. (NYSE:ARE) for approximately $250 million on July 23, 2021. The 290,111 RSF property sold for $1,255 per RSF. Clarion Partners, LLC completed the acquisition of a 70% stake in 400 Dexter Avenue North from Alexandria Real Estate Equities, Inc. (NYSE:ARE) on July 23, 2021. Kevin Shannon, Ken White, Rob Hannan, Nick Kucha, Michael Moll, Rachel Jones, Jesse Ottele, and Cavan O’Keefe of Newmark Group, Inc. represented seller.