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Clarion Partners Sells Quest Diagnostics Bldg for $96M

ARC Purchases Santa Clarita Office
By Hubert Smith III
January 7, 2015 | 2:52 P.M.

American Realty Capital Global Trust, Inc. closed on its acquisition of the Quest Diagnostics office building at 27027 Tourney Rd. in Santa Clarita, CA. Clarion Partners sold the asset for $96 million, or about $424 per square foot. The building was delivered in 2004. It is located on 13 acres in the Santa Clarita Valley, adjacent to I-5. The building is 187,262 square feet and serves as West Coast headquarters for Quest, a leader in diagnostic testing globally and the one of the largest biomedical companies in the United States.

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