New York-based Clarion Partners has acquired the Palladian Corporate Center in Durham for $36.2 million, according to property records.

The seller was Northwestern Mutual. The center includes two buildings with a total of 209,720 square feet. The buildings are 81 percent occupied.

The center’s main tenant is the American Institute of Certified Public Accountants, which occupies 126,741 square feet of space.

Palladian I was built in 2005 and Palladian II in 2007. The center is about two miles east of Chapel Hill at the intersection of Interstate 40 and N.C. 55.

New York-based Clarion Partners and The Residential Group of Atlanta announced plans today to develop a $37 million apartment complex in northwest Raleigh's Brier Creek area.

The project, called Crest at Brier Creek, will include 291 units and be located near ACC Boulevard and Glenwood Avenue.

It's one of several new apartment projects planned for the Brier Creek area.

Clarion said in a release that site work on the project began this month, with completion expected in June 2013.

In August, Clarion paid $15.7 million for Cary Park Town Center shopping center. The firm has more than $23 billion in assets under management.