Kilroy Realty Acquires Premier Del Mar Office Campus for Approximately $126M

Kilroy Realty Corporation

today said it has completed the purchase of a 13.8 acre Class A office campus in the premier, coastal Del Mar sub-market of San Diego for approximately $126 million. The campus, known as The Heights, includes a three-story office building, a three-story life science building, which together total approximately 219,000 square feet and a subterranean parking structure. Additionally, the campus includes a land site that is fully entitled for a state-of-the-art 90,000-square-foot office building to be LEED certified. The two existing buildings, both LEED Silver certified and built in 2004 with steel frame construction, are 100% leased to five tenants, including Neurocrine Bioscience

and Knobbe Martens Olson &