Newly Transformed SOMA Office Building Achieves LEED Gold Certification

SAN FRANCISCO–(BUSINESS WIRE)– Less than two years after acquiring the 40-year-old, 410,000 square-foot office building at 360 Third Street, Kilroy Realty Corporation (NYS: KRC) has successfully transformed the property into a contemporary office and studio space for the media and technology tenants that now dominate SOMA’s real estate landscape. Last week, the redeveloped property—now 85% leased—was awarded LEED Gold certification.

“From the beginning, our goal was to deliver a top quality, top performing work environment with all the amenities sought after by creative and innovation-driven companies flooding into the SOMA area,” said John Kilroy, Jr., KRC’s chairman, president and CEO. “Not only did we achieve this but I think we’ve successfully converted this former Pacific Bell call center into a ‘hip and cool’ new digital, media and technology powerhouse.”

Today, 360 Third Street features San Francisco’s largest roof deck with views of the Bay Bridge, ATT Ball Park and the San Francisco Bay including a rooftop bar, integrated lighting and sound systems, fire pits and extensive landscaping. Elevator systems were modernized and extended to the roof deck, building infrastructure was updated to support densification and the lobby and floor plans were redesigned into contemporary, collaborative layouts. A new irrigation system was installed that reduces landscaping water usage by 50%, and a new measurement and verification system was added to the building that allows individual tenants to monitor and manage energy consumption. Bicycle storage and showers were also incorporated into the new design as part of the amenity package that tenants seek in today’s modern office campuses.

“We were able to create a new vibe in the building—taking it from un-inspired shell office space and conventional common areas to more vibrant and productive technology and media space with inviting public areas that include indoor and outdoor ‘great’ rooms and modern amenities. Achieving LEED Gold certification serves as a testament to the successful transformation of the project by our team,” said Mike Sanford, KRC’s Senior Vice President, Northern California.

KRC acquired 360 Third Street in late 2011 when the building was 9% occupied by media conglomerate, ComCast SportsNet who uses the space to broadcast its CSN Bay Area programs. Building off Comcast’s studio, 360 Third Street was able to attract Pac-12 Enterprises, who signed an 11-year lease almost immediately after KRC closed on the acquisition. The multi-floor lease agreement with PAC-12 Enterprises included the creation of a state-of-the-art studio for PAC-12′s broadcasting arm. In addition to ComCast SportsNet and PAC-12 Enterprises, the roster of tenants at 360 Third Street currently includes KNTV, AKQA, Square Trade, Flurry, Real Page and Clinkle.

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 June 30, 2013, the company owned 13.5 million rentable square feet of commercial office space. More information is available at http://www.kilroyrealty.com.

Kilroy Realty
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

KEYWORDS:   United States  North America  California

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Article source: http://www.dailyfinance.com/2013/09/19/kilroy-realtys-360-third-street-goes-gold/

UC Berkeley’s Li Ka Shing Center for Biomedical and Health Sciences is a $210 million facility where collaborative biological research and teaching center on solving the world’s health problems. The focus is on cancer biology, stem cell biology and infectious and neurodegenerative diseases.

Emily Fancher
Senior Editor – San Francisco Business Times

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Last week, we featured 10 finalists from the San Francisco Business Times’ annual Real Estate Deals of the Year contest. Here are more finalist deals and projects that reshaped the Bay Area real estate landscape in 2011.

(Click the photo to start a slideshow of Real Estate Deals of the Year finalists.)

This week’s collection of deals and projects range from the mammoth and potentially transformational $210 million Li Ka Shing Center at UC Berkeley to a massive $520 million industrial portfolio that spans the Bay Area. While big transactions and buildings are certainly noteworthy and fun to write about, Real Estate Deals also celebrates some of the smaller, but riskier deals, such as Swift Realty’s purchase of Tower Plaza in San Mateo.

I hope that this week’s slideshow gives you a sense of the incredible range of Bay Area real estate activity in 2011. If you want to find out which of these finalists actually won, you’ll have to attend the awards on March 21 at the Palace Hotel. (Click here to register)

In the meantime, I’d love to hear from you about which real estate deals of 2011 — leases, sales and new projects — from RD to office to residential to health and cultural space — deserve to win.

Emily Fancher is a senior editor at the San Francisco Business Times.

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Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/02/more-finalist-unveiled-in-real-estate.html