LOS ANGELES (November 05, 2018) – Kilroy Realty Corporation (NYSE: KRC) today announced that its four-building, 750,000 square foot office development, The Exchange on Sixteenth, has earned LEED Platinum certification under the Core & Shell rating system created by the US Green Building Council. The project is fully leased to Dropbox, Inc. (NASDAQ: DBX), which will take occupancy in phases through 2020. Sustainable elements were incorporated into all aspects of the building design.
KRC has a successful track record of sustainability achievements. GRESB, widely recognized as the most rigorous standard for measuring the sustainability performance of real estate companies and funds, named KRC the global leader on sustainability among all publicly traded real estate companies.
“The Exchange demonstrates the successful execution of combining great design with ambitious sustainability goals,” says Jonas Vass, Senior Vice President of Development at KRC. “The LEED Platinum certification shows the team’s extensive focus on sustainability from the project inception through completion, successfully incorporating various environmental goals throughout the process.”
The Exchange on Sixteenth exhibits forward-thinking environmentally-focused design that includes the following features:
- Extensive green roofs
- 45% water reduction using highly efficient water fixtures
- Holistic approach to health & wellness including ample daylight, access to views, activated stairwells, mechanical design emphasizing thermal comfort, and low-emitting materials
- Large onsite bicycle amenity
- Remediated brownfield
- A 19% reduction in energy consumption via an efficient mechanical system
- Materials purchasing focused on recycled content, regional sourcing, and FSC wood
- Enhanced commissioning
- Electric car charging stations
The project was designed by Rios Clementi Hale Studios with Flad Architects providing executive architecture services. Marelich created the mechanical, electrical and plumbing design. Hathaway Dinwiddie oversaw the construction of the project, and Stok executed the commissioning and LEED services work.
The Exchange on Sixteenth is located in the vibrant Mission Bay district of San Francisco with high connectivity to public transit, restaurants, art galleries, breweries, and the Giants and Warriors Stadiums. With the completion of The Exchange, KRC’s San Francisco Bay Area portfolio totals approximately 6.5 million square feet.
About Kilroy Realty Corporation
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. 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, 2018, the company’s stabilized portfolio totaled approximately 13.9 million square feet of office space located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle and 200 residential units located in the Hollywood submarket of Los Angeles. In addition, KRC had three projects under construction totaling approximately 1.0 million square feet of office space, 608 residential units and 120,000 square feet of retail space as well as two projects in the tenant improvement phase totaling approximately 1.2 million square feet of office and PDR space. The office components of the two projects are fully leased to Adobe and Dropbox.
The company’s commitment and leadership position in sustainability has been recognized by various industry groups across the world. In September 2018, the company was recognized by GRESB as North American leader across all asset classes and global world leader among all publicly traded real estate companies. Other sustainability accolades include NAREIT’s Leader in the Light award for the past four years, the EPA’s highest honor of Sustained Excellence and winner of Energy Star Partner of the Year for the past five years. The company is listed in the Dow Jones Sustainability World Index. At the end of the third quarter, the company’s stabilized portfolio was 59% LEED certified and 77% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.