{"id":1004052911,"date":"2012-03-16T10:50:15","date_gmt":"2012-03-16T18:50:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=38635"},"modified":"2022-12-04T01:23:51","modified_gmt":"2022-12-04T09:23:51","slug":"kilroy-realty-extends-footprint-to-menlo-park-in-162m-office-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-extends-footprint-to-menlo-park-in-162m-office-deal\/","title":{"rendered":"Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/p>\n

\u00a0In its latest big-ticket Bay Area buy, Kilroy Realty\u00a0 Cor\"\"<\/a>p.\u00a0has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. Kilroy Realty acquired its newest asset, Menlo Corporate Center, from Walton Street Capital L.L.C.<\/p>\n

Located on Bohannon Drive, the complex consists of seven buildings that are currently 79 percent occupied. Its 10 tenants include Lucile Packard Children\u2019s Hospital at Stanford, E*Trade and Allstate Insurance Co.<\/p>\n

\u201cThe acquisition of Menlo Corporate Center represents an important first step in our longer-term commitment to have a significant presence on the San Francisco Peninsula and in Silicon Valley to serve the important and vibrant base of technology, media, Internet and other innovative companies that have grown and will continue to grow in this important region,\u201d explained Eli Khouri, Kilroy Realty\u2019s executive vice president and chief investment officer.<\/p>\n

Since 2010, the firm has invested $877 million to build\u00a0a Bay Area office portfolio that currently encompasses eight\u00a0properties and\u00a0 2.6 million square feet. \u00a0During the fourth quarter of 2012, Kilroy Realty bought two office properties in San Francisco\u2019s South of Market district, 301 Brannan Street and 370 Third Street, for a combined cost of $121.5 million. Last September, Kilroy Realty paid $103.3 million for a third SoMa office building, the 311,545-square-foot 201 Third Street. All told, Kilroy Realty owned 11.4 million square feet of office space and 3.4 million square feet of industrial properties in California and Washington as of the end of the fourth quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Alex Girda, Associate Editor
\n\u00a0In its latest big-ticket Bay Area buy, Kilroy Realty\u00a0 Corp.\u00a0has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. Kilroy Realty acquired its newest asset, Menlo Corporate Center, from Walton Street Capital L.L.C.
\nLocated on […]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1609],"tags":[],"class_list":["post-1004052911","post","type-post","status-publish","format-standard","hentry","category-latest","category-san-francisco"],"acf":[],"yoast_head":"\nKilroy Realty Extends Footprint to Menlo Park in $162M Office Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-extends-footprint-to-menlo-park-in-162m-office-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kilroy Realty Extends Footprint to Menlo Park in $162M Office Deal\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor \u00a0In its latest big-ticket Bay Area buy, Kilroy Realty\u00a0 Corp.\u00a0has paid $162.2 million for a 374,000-square-foot office campus in Menlo Park. 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