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Stock Market & Financial Investment News

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June 2, 2014
16:27 EDTKRCKilroy Realty acquires 3.1 acre development in San Francisco
Kilroy Realty said it has completed a $95M acquisition of a high-identity, 3.1 acre, fully entitled development site in San Francisco’s Mission Bay neighborhood, one of the city’s newest and fastest growing residential, job and entertainment centers, situated just south of the SOMA district along the San Francisco Bay. KRC said it will invest approximately $450M, including the land purchase, in the development of a 680,000 square-foot, mid-rise office campus that can be built in two phases, with the first phase of construction expected to begin in early 2015. The LEED-Gold designed project will include two six-story and two 12-story office buildings featuring large floor plates with high ceilings, abundant natural light and views of San Francisco Bay. The project design also includes numerous outdoor decks and other gathering places that foster communication and collaboration among today’s millennial workforce.
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