DLA Piper represents Clarion Partners in sale of LMF Frisa Comercial

DLA Piper has represented Clarion Partners in its sale of LMF Frisa Comercial, a commercial real-estate joint venture, to partner Frisa, a Mexican real-estate investment group. The transaction closed on 10 July and is valued at $207m (£122m).

Clarion, a New York-based investment company, had owned 50 per cent of LMF Frisa Comercial, which includes nine shopping centres in Mexico.

The Mexico City-based DLA Piper team representing Clarion was led by partners Manuel Rajunov and Dania Duncan and included associates Mario Rea and Javier Zenteno.