"It's a market deal," said Brandon Taylor, director of corporate finance for American Assets.
The strong tenant list and long-term leases mean American Assets has assured a solid cash flow for at least the next five years -- a component which Taylor
said drew his
company to the deal.
said American Assets
is interviewing brokers now to handle leasing and management of the Landmark and expects to make a final decision before closing escrow in June. American Assets
is exploring several payment structure options, including defeasance of the existing loan, Taylor