Kilroy Realty Continues Strong Leasing Momentum
LOS ANGELES – Kilroy Realty Corporation (NYSE:KRC) today said it has signed a five-year lease renewal with NBC Sports Bay Area (“NBC Sports”) for just over 44,000 square feet of space at Kilroy Realty’s 360 Third Street office property in the South of Market district of San Francisco.
NBC Sports has been a valued tenant at 360 Third Street for almost ten years, alongside some of the world’s most recognized technology and media companies such as Adobe Systems, Pac-12 Network and pioneering ideas and innovation company, AKQA.
Substantially renovated in 2013 with LEED Gold and Energy Star certifications, 360 Third Street meets the needs of creative companies that are looking for easily accessible space with terrific amenities and large floor plates that create efficiencies and collaboration. In the case of NBC Sports, the building’s large floor plate seamlessly accommodates the network’s highly technical studio in addition to its office space.
“We’re thrilled that NBC Sports Bay Area has agreed to make 360 Third Street its home for another five years,” said John Osmond, Senior Vice President of Asset Management, Kilroy Realty. “Kilroy Realty invests heavily in creating environments that meet and exceed the needs of the world’s most innovative people and companies.”
NBC Sports’s renewal is one of many leasing achievements by Kilroy Realty this year, and drives momentum for the company as it heads into 2018. Over the past 12 months, Kilroy Realty has executed approximately 1.3 million square feet of office leases in the San Francisco market, including three that are among the region’s largest transactions. These include Okta’s lease for 207,000 square feet at 100 First Street, DropBox’s 736,000 square foot lease at The Exchange at 16th, and Adobe’s lease for 314,000 square feet at 100 Hooper, which was recognized as “deal of the year” by the San Francisco Business Times.
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, 2017, the company’s stabilized portfolio totaled approximately 13.7 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 four projects totaling approximately 1.8 million square feet of office space, 237 residential units and 96,000 square feet of retail space under construction.
The company has been recognized by GRESB as the North American leader in office sustainability for the last four years and is listed in the Dow Jones Sustainability World Index. At the end of the third quarter, the company’s stabilized portfolio was 55% LEED certified and 73% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.
