Kilroy Breaks Ground on 100 Hooper in San Francisco and Announces Adobe as Anchor Tenant

Kilroy Realty 100 Hooper SOMA San Francisco Adobe LEED Mission Bay Potrero Hill Dogpatch BART Caltrain Central Corridor Subway

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LOS ANGELES–Kilroy Realty Corporation announced today that it broke ground on 100 Hooper, a $270 million, 400,000 square foot project located in the SOMA district of San Francisco. Adobe, one of the largest software companies in the world, has leased 207,000 square feet of the project.

100 Hooper Street is a LEED Platinum-designed, premier development project fully entitled for 314,000 square feet of office and 86,000 square feet of Production, Distribution and Repair (PDR) space in two, four-story buildings on a 3.3-acre site. The site is located in the transformative SOMA neighborhood of Showplace Square at the intersection of Hooper Street and 7th Street, just west of Interstate 280 and in easy biking and walking distance of the vibrant residential neighborhoods of Mission Bay, Potrero Hill, and Dogpatch. In addition, the site is adjacent to the California College of Arts and within walking distance of the University of California, San Francisco Mission Bay Campus.

The project is well served by public transportation, including direct access to the Mission Bay Shuttle, connecting BART and Caltrain, as well as the Central Corridor Subway. 100 Hooper is within a 15-minute walk of AT&T Park and the future Golden State Warriors Sports and Entertainment Center. It occupies a strategic location in a proven technology cluster surrounded by prominent technology companies, including Advent, AirBnB, Pinterest, salesforce.com and Zynga.

Adobe, which has its main San Francisco presence just blocks from 100 Hooper, has signed a long-term lease for 207,000 square feet, or approximately 65% of 100 Hooper’s office space. Adobe will occupy 155,000 square feet initially and 52,000 square feet within 15 months of construction completion that is projected to occur in 2018.

The project will include large, efficient floor plates of approximately 50,000 square feet, an active communal plaza, inter-connecting sky-bridges, a roof top deck and views of San Francisco’s skyline. The project’s 86,000 square feet of PDR space is specifically designed for early-stage innovators, inventors, and craftspeople performing design, manufacturing, production and related activities.

“We are extremely pleased that Adobe, a world-class company, has decided to take a majority of the office space at 100 Hooper,” said Mike Sanford, KRC’s Executive Vice President, Northern California. “The interplay between class A office and manufacturing space makes 100 Hooper one of the most unique technology campuses in SOMA. The city of San Francisco embodies a diverse economy with a healthy and vibrant mix of businesses and residents. PDR businesses contribute to that diversity and are a fundamental part of what makes San Francisco such a desirable work environment.”

About Kilroy Realty Corporation. 
With nearly 70 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), 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, 2016, the company’s stabilized portfolio totaled 13.6 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 GRESB as the North American leader in sustainability and was ranked first among 178 North American participants across all asset types. At the end of the third quarter, the company’s properties were 51% LEED certified and 72% of eligible properties were ENERGY STAR certified. In addition, KRC had one office project totaling approximately 700,000 square feet under construction and two office projects in lease-up totaling approximately 450,000 square feet. More information is available at http://www.kilroyrealty.com.

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