BELLEVUE, WA-San Diego-based American Assets Trust Inc. has closed on a $111-million mortgage loan obtained by a Bellevue office building that it recently bought in suburban Seattle. The REIT recently bought the 27-story City Center Bellevue for about $229 million. The financing for the office tower was provided PNC Bank National Association.
The loan has a 10-year term with a fixed annual rate of 3.98%. The REIT owns retail, hotel, office and apartment properties in Washington, California, Hawaii and Oregon. For the full story, go to San Diego Business Journal .
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