Profile: Kilroy Realty Corp (KRC_ph.N)
23 Feb 2017
Kilroy Realty Corporation, incorporated on September 13, 1996, is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle. It operates in the office properties segment. The Company owns its interests in all of its real estate assets through Kilroy Realty, L.P. (the Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). The Company conducts all of its operations through the Operating Partnership.
The Company's stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction, lease-up properties, undeveloped land and real estate assets held for sale. The Company's stabilized portfolio consists of approximately 100 office properties comprising over 13.0 million rentable square feet. It has one office development project in the lease-up phase. It also has approximately four operating properties and one land parcel classified as held for sale. Its stabilized portfolio also excludes its near-term and future development pipeline, which comprises approximately 10 potential development sites, representing approximately 100 gross acres of undeveloped land.
The Company's San Francisco Bay Area has a stabilized portfolio of approximately 4.2 million rentable square feet with approximately 81,000 available rentable square feet. Its Greater Seattle has a stabilized portfolio of over 2.1 million rentable square feet with approximately 102,000 available rentable square feet. Its San Diego County has a stabilized portfolio of approximately 2.9 million rentable square feet with over 296,000 available rentable square feet. Its Los Angeles and Ventura Counties have a stabilized portfolio of over 3.6 million rentable square feet with approximately 178,000 available rentable square feet. The Company's in-process development pipeline consists of approximately five projects under construction. These projects include 350 Mission Street, SOMA, San Francisco, California; 333 Brannan Street, SOMA, San Francisco, California; The Exchange on 16th, Mission Bay, San Francisco, California; Columbia Square Office Phase 2, Hollywood, California, and Columbia Square Residential.
Kilroy Realty Corp
12200 W Olympic Blvd Ste 200
LOS ANGELES CA 90064-1044