Kilroy Realty Corporation 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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