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Note Offering to Fund Office Tower Expansion in High-Demand San Diego Enclave

American Assets Adding Third Building at UTC Campus Acquired in Major 2019 Deal
Property owner American Assets Trust is planning a third tower at the La Jolla Commons office complex in San Diego. (CoStar)
Property owner American Assets Trust is planning a third tower at the La Jolla Commons office complex in San Diego. (CoStar)
CoStar News
January 15, 2021 | 2:43 AM

Property owner American Assets Trust announced pricing on a planned $500 million note offering, with part of the proceeds going toward building a long-anticipated third tower at the La Jolla Commons office complex in San Diego’s high-demand University Town Center neighborhood.

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