American Assets Trust, Inc. acquired Bel-Spring 520 Office Campus in Bellevue, Washington from Swift Realty Partners LLC for $45.5 million.
March 07, 2022
Share
American Assets Trust, Inc. (NYSE:AAT) acquired Bel-Spring 520 Office Campus in Bellevue, Washington from Swift Realty Partners LLC for $45.5 million on March 8, 2022. The purchase price of $45.5 million was paid with cash on hand. Kevin Shannon of Newmark acted as broker for Swift Realty Partners LLC.
American Assets Trust, Inc. (NYSE:AAT) completed the acquisition of Bel-Spring 520 Office Campus in Bellevue, Washington from Swift Realty Partners LLC on March 8, 2022.
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust (REIT). The Company owns, operates, acquires, and develops office, retail, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Washington, Oregon, Texas, and Hawaii. It operates in four segments: office, retail, multifamily and mixed-use. The Company's office portfolio comprises approximately 4.1 million rentable square feet, and its retail portfolio comprises approximately 3.1 million rentable square feet. In addition, the Company owns one mixed-use property (including approximately 94,000 rentable square feet of retail space and a 369-room all-suite hotel) and 2,110 multifamily units. Its portfolio consists of twelve office properties; twelve retail shopping centers; a mixed-use property consisting of a 369-room all-suite hotel and a retail shopping center; and six multifamily properties.
AMERICAN ASSETS TRUST, INC. 
