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Stock impact report

American Assets Trust, Inc. Acquires Eastgate Office Park in Bellevue, Washington

American Assets Trust, Inc. (AAT) 
Last american assets trust, inc. earnings: 4/28 04:15 pm Check Earnings Report
Company Research Source: GlobeNewswire
SAN DIEGO, July 07, 2021 (GLOBE NEWSWIRE) -- American Assets Trust, Inc. (NYSE: AAT) (the “Company”) has successfully closed on the acquisition of Eastgate Office Park, consisting of an approximately 280,000 square foot, multi-tenant office campus in the premier I-90 corridor submarket of Bellevue, Washington. Eastgate Office Park is currently greater than 95% leased to a diversified tenant base with a weighted average lease term of approximately 3 years with contractual lease rates that the Company views as below prevailing market rates for the submarket. Additionally, Eastgate Office Park recently obtained municipal approval for rezoning, increasing the floor area ratio from 0.5 to 1.0, which will allow for significant additional development opportunities. The four-building property features unrivaled on-site amenities with a diverse rent roll of technology and professional services companies and features a campus-setting in a natural landscape with walking trails and immediate Show less Read more
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