PORTLAND, OR-American Assets Trust Inc. has completed the acquisition of a three-property portfolio for $92 million. The Lloyd District office portfolio comprises six buildings totalling 600,000 square feet. The properties are Oregon Square, the Lloyd 700 Building and Lloyd Tower.
The sale includes the development rights for a project close to the Max light rail line. Ashforth Pacific Inc. was the seller of the properties that are 92% occupied. The company continues to administer the Lloyd District. For the full story, go to Portland Business Journal .
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