Kilroy Realty Corporation (NYSE: KRC) today said that the
prominent Del Mar Heights office submarket in San Diego has
welcomed its first speculative construction in eight years with the
groundbreaking earlier this month of the third building at The
Heights at Del Mar, a $45 million best in class 74,895 square foot
Class A office building.
The Heights Del Mar - Building Three
(Photo: Business Wire)
The third building is being developed on the four acre land site
that was part of KRC’s 2013 acquisition of The Heights at Del Mar
campus that also includes two fully leased, LEED Silver certified
office buildings totaling 219,000 square feet. The new LEED Gold
targeted building, located at 12770 El Camino Real at the
intersection of Townsgate Drive, will include three stories with a
state-of-the-art design and an amenity-rich environment created to
appeal to vibrant companies whose focus is to attract and retain
top talent. It is projected to be completed in the fourth quarter
of 2015. More information is available at
http://www.theheightsdelmar.com.
The Heights at Del Mar is an integral complement to the
company’s proposed One Paseo, a 23-acre property that will be
transformed by KRC into a sustainable, walkable, bikeable,
mixed-use environment. The heart of the community will be a Main
Street with entertainment, residential, retail and additional
office – all designed to enrich community character, improve
mobility and local services, as well as support job and economic
growth.
Additionally, The Heights at Del Mar is directly across the
street from 270,000 square feet of full-service retail and an
expansive community park that includes multiuse sports fields,
exercise facilities, a gymnasium, basketball and volleyball courts
and a swimming pool.
“The Heights at Del Mar is located in the heart of what will
become the best walkable amenity base in Del Mar Heights and has
superb access to freeways and executive and workforce housing,”
said John Kilroy, Jr., KRC’s chairman, president and chief
executive officer. “KRC is a long-time stakeholder in Carmel
Valley. We are very pleased to be bringing this exciting new
building to the area, which continues its evolution as one of the
county’s most vibrant and engaging places for people to work,
socialize, shop and dine.”
Designed by Gensler, the building will feature steel frame
construction, spectacular floor to ceiling glass, a top floor
balcony and indoor/outdoor workspaces. The campus offers a myriad
of amenities, including a state-of-the-art fitness center, golf
simulator, outdoor amphitheater and under-building secured
executive parking.
Cassidy Turley, a leading U.S. commercial real estate services
provider, will act as KRC’s exclusive leasing agent for the
property. “Del Mar Heights is a place where employers want to be,
yet Class A space options are increasingly hard to find –
particularly when looking for larger, full floor or greater
opportunities,” said Brett Ward, managing director with Cassidy
Turley in San Diego. “KRC’s long-standing presence and
contributions to the market’s growth and development make the new
building at The Heights at Del Mar a highly anticipated signature
addition that will help accommodate the growing demand for this
high caliber space.”
About Kilroy Realty Corporation
With more than 65 years’ experience owning, developing,
acquiring and managing real estate assets in West Coast real estate
markets, Kilroy Realty Corporation, a publicly traded real estate
investment trust and member of the S&P MidCap 400 Index, is one
of the region’s premier landlords. The company provides physical
work environments that foster creativity and productivity and
serves a broad roster of dynamic, innovation-driven tenants,
including technology, entertainment, digital media and health care
companies.
At September 30, 2014, the company’s stabilized
portfolio totaled 13.5 million square feet of office
properties, all located in the coastal regions of greater Seattle,
the San Francisco Bay Area, Los Angeles, Orange County and San
Diego. The company is recognized by the Global Real Estate
Sustainability Benchmark (GRESB) as the North American leader in
sustainability and was ranked first among 151 North American
participants across all asset types. At the end of the third
quarter, the company’s properties were 41% LEED certified and 59%
of the eligible properties were ENERGY STAR certified. In addition,
KRC has approximately 2.0 million square feet of new office
development under construction with a total estimated investment of
approximately $1.2 billion. More information is available at
http://www.kilroyrealty.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services
provider with more than 4,000 professionals in more than 60 offices
nationwide. With headquarters in Washington, DC, the company
represents a wide range of clients—from small businesses to Fortune
500 companies, from local non-profits to major institutions. The
firm completed transactions valued at $25.8 billion in 2013,
manages approximately 400 million square feet on behalf of
institutional, corporate and private clients and supports more than
24,000 domestic corporate services locations. Cassidy Turley serves
owners, investors and tenants with a full spectrum of integrated
commercial real estate services—including capital markets, tenant
representation, corporate services, project leasing, property
management, project and development services, and research and
consulting. Cassidy Turley enhances its global service delivery
outside North America through a partnership with GVA, giving
clients access to commercial real estate professionals in 65
international markets. Please visit www.cassidyturley.com for more
information about Cassidy Turley.
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/A for the year ended December 31,
2013 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 U.S.
securities laws.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141028006859/en/
Kilroy Realty CorporationTyler H. RoseExecutive Vice President
and Chief Financial Officer(310) 481-8484orMichelle NgoSenior Vice
President and Treasurer(310) 481-8581
Kilroy Realty (NYSE:KRC)
過去 株価チャート
から 6 2024 まで 7 2024
Kilroy Realty (NYSE:KRC)
過去 株価チャート
から 7 2023 まで 7 2024