Salesforce.com Leases 100% of Kilroy Realty’s Ground-Breaking San Francisco Glass and Concrete High Rise Development
2012年12月19日 - 10:11AM
ビジネスワイヤ(英語)
Kilroy Realty Corporation (NYSE: KRC) today said it has signed a
long-term lease with cloud-computing giant salesforce.com for 100%
of the real estate investment trust’s 27-story,
LEED-platinum-designed office tower now under construction at 350
Mission Street in the heart of San Francisco’s South of Market
financial district. Salesforce.com has agreed to lease up to
approximately 445,000 square feet which includes approximately
50,000 square feet of must-take space that is subject to KRC
obtaining entitlements to add three stories to the building.
KRC acquired the 350 Mission Street land site in October and saw
tremendous interest in the property from multiple companies in a
variety of technology and non-technology-related industries. Upon
completion of the building, the company will own 2.6 million square
feet of office space in SOMA that is currently 94% leased or
committed.
KRC’s ground-breaking design for the new building adapts its
signature open-plan workspace concepts to a high-rise office
development, producing work environments on each floor that feature
open floorplates, high-ceilings and abundant natural light. The
building’s design also incorporates state-of-the-art sustainability
practices and energy-efficiency standards that are expected to earn
it LEED Platinum certification—the first ground-up commercial
development property in San Francisco to do so.
Salesforce.com, the global leader in enterprise cloud computing,
will occupy a unique location in downtown San Francisco’s highly
desirable SOMA district as it takes delivery of the building in
phases throughout 2015. Situated at the corner of Mission and
Fremont Streets, the new epicenter of the City’s business district
and immediately across the street from the Transbay Transit Center,
350 Mission offers convenience, urban amenities and high
visibility. The prominent location will be heightened with a
50-foot, open air entry lobby featuring a 40-foot by 75-foot
electronic media display—the first of its kind in San
Francisco.
“This is a remarkable outcome for a remarkable development in
what is unquestionably one of our nation’s most important centers
of innovation,” said John Kilroy, Jr., president and chief
executive officer of KRC. “Salesforce.com understood immediately
what we were creating at 350 Mission Street and they didn’t waste
any time securing the property for their dynamic workforce. We’re
delighted to be partnering with them.”
“Kilroy scores again. In three short years, the Kilroy team has
demonstrated the rare ability to anticipate supply and demand
forces in San Francisco, securing their lasting legacy,” says
Christopher T. Roeder, International Director of Jones Lang LaSalle
and Kilroy Realty representative in the transaction.
Dan Harvey, Executive Vice President of Cushman & Wakefield,
represented the tenant.
The company estimates the total development cost for the
27-story building will be approximately $250 million and could
increase by approximately $25 million if the additional
entitlements are obtained.
About Kilroy Realty Corporation. Kilroy Realty
Corporation, a member of the S&P Small Cap 600 Index, is a real
estate investment trust active in the office property sector along
the West Coast. For over 60 years, the company has owned,
developed, acquired and managed real estate assets primarily in the
coastal regions of Los Angeles, Orange County, San Diego, greater
Seattle and the San Francisco Bay Area. At September 30, 2012, the
company's stabilized office portfolio encompassed 12.7 million
rentable square feet. More information is available at
http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements are based on our current expectations, beliefs and
assumptions, and are not guarantees of future performance.
Forward-looking statements are inherently subject to uncertainties,
risks, changes in circumstances, trends and factors that are
difficult to predict, many of which are outside of our control.
Accordingly, actual performance, results and events may vary
materially from those indicated in forward-looking statements, and
you should not rely on forward-looking statements as predictions of
future performance, results or events. Numerous factors could cause
actual future performance, results and events to differ materially
from those indicated in forward-looking statements, including,
among others, risks associated with: investment in real estate
assets, which are illiquid; trends in the real estate industry;
significant competition, which may decrease the occupancy and
rental rates of properties; the ability to successfully complete
acquisitions and dispositions on announced terms; the ability to
successfully operate acquired properties; the availability of cash
for distribution and debt service and exposure of risk of default
under debt obligations; adverse changes to, or implementations of,
applicable laws, regulations or legislation; and the ability to
successfully complete development and redevelopment projects on
schedule and within budgeted amounts. These factors are not
exhaustive. For a discussion of additional factors that could
materially adversely affect our business and financial performance,
see the factors included under the caption "Risk Factors" in our
annual report on Form 10-K for the year ended December 31, 2011 and
our other filings with the Securities and Exchange Commission. All
forward-looking statements are based on information that was
available, and speak only, as of the date on which they are made.
We assume no obligation to update any forward-looking statement
made in this press release that becomes untrue because of
subsequent events, new information or otherwise, except to the
extent required in connection with ongoing requirements under
Federal securities laws.
Kilroy Realty (NYSE:KRC)
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Kilroy Realty (NYSE:KRC)
過去 株価チャート
から 7 2023 まで 7 2024