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

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Kilroy Realty Corporation (NYSE: KRC) 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 (NASDAQ: NBIX) and Knobbe Martens Olson

See full press release

Posted-In: News Guidance Contracts Management M&A Global


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