American Assets Trust, Inc. Celebrates Grand Opening of Genetech’s New Patient Support Center at Lloyd Center Tower in Portland, Oregon
Genentech, a world-leading biotechnology company, opened a new patient support center within the heart of Portland’s Lloyd neighborhood -
PORTLAND, Ore. — May 15, 2019 —American Assets Trust, Inc. (NYSE: AAT) (the “Company”) today announced that Genentech, a member of the Roche Group, opened an Access Solutions patient support center at Lloyd Center Tower in Portland, Oregon. Genentech will occupy three stories owned by the Company within Lloyd Center Tower comprised of approximately 66,000 square feet of office space. Genetech will employ approximately 300 people bringing the total number of Genentech jobs across Oregon to more than 700.
“We’re excited to be expanding our presence in Oregon with the opening of a new office in Portland for our patient-focused Access Solutions team. It was the talented, mission driven workforce in Oregon coupled with the expanding Biosciences industry and strong quality of life that ultimately led us to choose Portland,” said Claire Scott, Vice President of Access Solutions, Genentech. “We believe that a strong connection to community inspires people to do great work, so it was our goal to find a location that has a strong identity within the community. The dense, diverse and transit-oriented Lloyd neighborhood in the heart of Portland provides the ideal location for our operations, and we couldn’t be happier to be joining the Lloyd neighborhood.”
“Today’s grand opening builds upon our growing momentum within the Lloyd neighborhood and underscores our philosophy that a premier location creates a unique opportunity for success,” said Wade Lange, Vice President & Regional Manager, Portland of the Company. “It’s a privilege to welcome Genentech to our Lloyd neighborhood, and we look forward to a long and expanding relationship with them in the future.”
About American Assets Trust, Inc. (AAT)
American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The Company has over 50 years of acquiring, improving, developing and managing premier retail, office and residential properties throughout the United States in some of the nation’s most dynamic, high-barrier-to-entry markets primarily in Southern California, Northern California, Oregon, Washington and Hawaii. The Company's retail portfolio comprises approximately 3.1 million rentable square feet, and its office portfolio comprises approximately 2.7 million square feet. In addition, the Company owns one mixed-use property (including approximately 97,000 rentable square feet of retail space and a 369-room all-suite hotel) and over 2,112 multifamily units. In 2011, the Company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967 and, as such, has significant experience, long-standing relationships and extensive knowledge of its core markets, submarkets and asset classes. For additional information, please visit www.americanassetstrust.com.
Forward Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's annual report on Form 10-K filed on February 15, 2019 and other risks described in documents subsequently filed by the Company from time to time with the Securities and Exchange Commission. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Source: American Assets Trust, Inc.
Investor and Media Contact:
American Assets Trust
Robert F. Barton
Executive Vice President and Chief Financial Officer
858-350-2607
