Kilroy Realty Breaks Ground on Second Development Project in San Francisco’s …


SAN FRANCISCO, Dec 19, 2013 (BUSINESS WIRE) –
Kilroy Realty Corporation

/quotes/zigman/171049/delayed/quotes/nls/krc KRC
-1.99%


launched its second
ground-up development project in downtown San Francisco today with a
ground-breaking ceremony that featured Mayor Ed Lee and architect David
Johnson with William McDonough + Partners, a key creative force behind
the LEED(R) Platinum-designed, six-story brick and concrete office
property located at 333 Brannan Street in the SOMA District. The event
was hosted by KRC chairman, president and CEO John Kilroy, Jr.

“333 Brannan Street will be another dynamic work place in San Francisco
where companies can continue to innovate, thrive and grow jobs right
here in the Innovation Capital of the World,” said Mayor Ed Lee. “The
construction of this new office complex demonstrates yet again that
investors have confidence in our City, and I thank Kilroy Realty for
continuing to partner with us to keep our economy growing and to keep
our job numbers rising.” Located amid buildings dating from the city’s
brick-and-timber industrial past, 333 Brannan Street features an
exterior that fits gracefully with its neighborhood’s roots as well as
efficient, expansive interiors designed for a contemporary workforce.

Among the most significant attributes of the William McDonough +
Partners design are the many advances in sustainable development and
property operation it incorporates. These include onsite power
generation capabilities and a rainwater reclamation system expected to
reduce energy usage by approximately 26% and water usage by 45% compared
to a typical building of its size. “The site is one of the city’s first
to employ eco-district strategies and the project reflects Kilroy
Realty’s progressive, long term view and understanding of building
designs, and we believe that this project will raise the standards for
future development,” said architect David Johnson.

333 Brannan Street’s large, open floor plates, abundant natural light
and operable windows delivering 100% fresh air all create a work
environment that will be highly appealing for the technology and media
companies that predominate in the South of Market area. The building
will also feature an onsite restaurant, ground floor retail amenities,
and a large roof top garden common area.

“The transformation now taking place in commercial real estate design is
profound and San Francisco is at the leading edge with KRC commencing
construction on the second LEED Platinum ground up development after 350
Mission Street,” said John Kilroy, Jr., KRC’s chairman, president and
CEO. “Working with creative partners like William McDonough + Partners
and with a supportive city leadership, KRC is committed to developing
properties like 333 Brannan Street that are aesthetically appealing,
environmentally innovative and deliver dynamic work environments
essential to attracting and retaining employees.”

With the start of 333 Brannan Street, KRC now has more than 1.8 million
square feet of office space under construction and 2.7 million square
feet of operating properties in the San Francisco Bay Area. The company
is currently building three new corporate campuses for technology
giants, salesforce.com, LinkedIn and Synopsys. Recently in November, KRC
also commenced construction on Crossing/900, a two building office
campus in Redwood City.

About Kilroy Realty Corporation. Kilroy Realty
Corporation, a member of the SP MidCap 400 Index, is a real estate
investment trust active in major West Coast office markets. For over 65
years, the company has owned, developed, acquired and managed real
estate assets primarily in the coastal regions of Los Angeles, Orange
County, San Diego, the San Francisco Bay Area and greater Seattle. At
September 30, 2013, the company owned 12.5 million rentable square feet
of commercial office space. More information is available at http://www.kilroyrealty.com
.

Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131219006605/en/

SOURCE: Kilroy Realty Corporation


        Kilroy Realty Corporation
        Mike L. Sanford
        Senior Vice President, Northern California
        (415) 778-5678 office
        (650) 888-2228 cell
        or
        Caitlin Kilroy
        Marketing and Leasing Associate
        (415) 778-5670 office

Copyright Business Wire 2013

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Article source: http://www.marketwatch.com/story/kilroy-realty-breaks-ground-on-second-development-project-in-san-franciscos-soma-district-2013-12-19?reflink=MW_news_stmp

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