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American Assets Trust has purchased the Corporate Campus East III for $84 million from a partnership between Ares Management LLC and SteelWave. The four-building office campus is located in Bellevue, Washington, between Seattle and Redmond in the 520 corridor.

Corporate Campus East III is located on 12 acres at 3001, 3005, 3009 and 3015 112th Avenue NE in Bellevue. The four-buildings have a combined 160,508 square feet of rentable building space, and the buildings are 83% leased with an average remaining lease term of six years. Previous ownership had completed a renovation on the property, including upgrades to interior and exterior common areas and exterior plazas and building systems.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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