Market Overview

Kilroy Realty Plans to 27-Story San Francisco Office Tower

Kilroy Realty Corporation (NYSE: KRC) today said it plans
to develop up to a 400,000 square-foot, 27-story office tower in the
heart of San Francisco's highly desirable South of Market financial
district, adapting the company's signature collaborative workspace
concepts to a high-rise office environment.

The company said it has acquired a 0.43 acre, fully entitled development
site at 350 Mission Street, a premier location situated at the main
entrance of the City's new transit station for approximately $52
million. KRC expects to invest an additional $200 million developing a
high-image glass office tower with floor-to-ceiling windows providing
abundant natural light, column-free floor plates offering open-office
high-ceiling layouts, and ultra-energy-efficient operating systems—all

See full press release

Posted-In: News Guidance Financing Management Global

 

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