Kilroy Realty Corporation Continues Seattle Area Expansion with Acquisitions in Lake Union and Bellevue
Kilroy Realty Corporation (NYSE: KRC) today announced that it has completed the purchase of two office properties in the Lake Union submarket of Seattle and expects to complete the acquisition of a Bellevue property in the third quarter, subject to customary closing conditions. These acquisitions will nearly double the West Coast real estate investment trust's office portfolio in high growth submarkets of the Puget Sound Region.
In three separate transactions, KRC has acquired or expects to acquire properties in Lake Union and Bellevue aggregating approximately 837,000 square feet of space for a total purchase price of approximately $330 million.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.