Kilroy Realty Completes Purchase of Premier South Lake Union Office Property
Kilroy Realty Corporation (NYSE: KRC) today announced that it has closed on the purchase of Westlake Terry, a two building 320,399 square-foot, Class A office property in the high growth Seattle submarket of South Lake Union for approximately $170 million. The LEED Gold certified property was built in 2007 and occupies a full city block at 320 Westlake Avenue North and 321 Terry Avenue North. The property is ideally located on one of Seattle's main mass transit arterials, Westlake Avenue, as well as directly adjacent to the South Lake Union Transit Line.
Westlake Terry is currently 100% leased to a diverse tenant base that includes Group Health Cooperative and Microsoft Corporation, which collectively account for more than 85% of the property.
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