{"id":1004540361,"date":"2021-06-17T05:38:32","date_gmt":"2021-06-17T13:38:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004540361"},"modified":"2022-12-08T22:04:13","modified_gmt":"2022-12-09T06:04:13","slug":"kilroy-realty-to-enter-austin-with-580m-buy","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/","title":{"rendered":"Kilroy Realty to Enter Austin With $580M Buy"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004540438\" data-id=\"1004540438\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg?resize=1024,768 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Indeed Tower. All renderings courtesy of Kilroy Realty<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"809\" height=\"1200\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004540440\" data-id=\"1004540440\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/2-Indeed-Tower-2.jpg?w=690\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/2-Indeed-Tower-2.jpg 809w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/2-Indeed-Tower-2.jpg?resize=202,300 202w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/2-Indeed-Tower-2.jpg?resize=768,1139 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/2-Indeed-Tower-2.jpg?resize=690,1024 690w\" sizes=\"(max-width: 809px) 100vw, 809px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Indeed Tower<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004540441\" data-id=\"1004540441\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/3-Indeed-Tower-Lobby-.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/3-Indeed-Tower-Lobby-.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/3-Indeed-Tower-Lobby-.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/3-Indeed-Tower-Lobby-.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/3-Indeed-Tower-Lobby-.jpg?resize=1024,683 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Lobby<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"742\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004540442\" data-id=\"1004540442\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/4-Indeed-Tower-Roofdeck.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/4-Indeed-Tower-Roofdeck.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/4-Indeed-Tower-Roofdeck.jpg?resize=300,186 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/4-Indeed-Tower-Roofdeck.jpg?resize=768,475 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/4-Indeed-Tower-Roofdeck.jpg?resize=1024,633 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Roof Deck<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"664\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-1004540443\" data-id=\"1004540443\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/5-Indeed-Tower-Urban-Plaza.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/5-Indeed-Tower-Urban-Plaza.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/5-Indeed-Tower-Urban-Plaza.jpg?resize=300,166 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/5-Indeed-Tower-Urban-Plaza.jpg?resize=768,425 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/5-Indeed-Tower-Urban-Plaza.jpg?resize=1024,567 1024w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Urban Plaza<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Kilroy Realty Corp. is expanding in the Austin office market with a big splash. The company has entered a definitive agreement to purchase the newly completed Indeed Tower in Austin\u2019s CBD, for $580 million, in an off-market transaction. According to CommercialEdge, Trammell Crow Co. is the current owner of Indeed Tower, which it developed in a joint venture with Principal Real Estate Investors.<\/p>\n<p>Eastdil Secured and Allen Matkins brokered the deal on behalf of Kilroy. Indeed Tower is currently 57 percent occupied.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-markets-for-office-transactions-2\/\">Top 5 Markets for Office Transactions<\/a><\/p>\n<hr \/>\n<p>The deal is expected to close in the third quarter, marking one of the metro&#8217;s largest transactions this year, according to CommercialEdge data. After selling <a href=\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-sell-san-francisco-office-asset-for-record-1b\/\">The Exchange in San Francisco<\/a> for a record $1 billion, Kilroy will use the proceeds to expand in Austin, the company stated in a presentation to its shareholders.<\/p>\n<p>Trammell Crow Co. started work on the 36-story tower in 2017 and finalized construction in May this year. According to CommercialEdge data, the developer received a $211 million construction loan, provided by JPMorgan Chase.<\/p>\n<p>At 542 feet high, Indeed Tower is the fifth-tallest building in Austin and the metro\u2019s tallest office tower, as well as the largest, totaling 730,000 square feet. The property features floorplates with an average size of 33,000 square feet and an outdoor deck space totaling 30,000 square feet. The tower includes 10,000 square feet of ground-floor retail, an 8,500-square-foot fitness center, 45 EV charging stations, a bicycle storage area and a parking ratio of 2.0 per 1,000 square feet. The developer is targeting LEED Platinum certification for the building.<\/p>\n<p>The property is currently anchored by Indeed.com, a subsidiary of Japan-based Recruit Holdings, which occupies 42 percent of the space. The other two tenants are the Teacher Retirement System of Texas and Brown Advisory Group. The new owner expects to create more value through additional leases, while the tower will serve as its growth platform within the metro.<\/p>\n<p>Indeed Tower occupies a full city block at the intersection of 6th and Colorado streets. In addition to the office tower, developers have also repositioned a 100-year-old post office building into a 25,000-square-foot retail\/restaurant destination and added a private park of 20,000 square feet. The surrounding downtown area is home to a variety of restaurants, hotels and event venues, all within walking distance.<\/p>\n<p>According to CommercialEdge data, the property is subject to a 95-year unsubordinated net ground lease held by the Board of Regents of the University of Texas System. As reported by <em>Commercial Property Executive <\/em>in 2018, the property was previously home to offices of the University of Texas System.<\/p>\n<p>In the same presentation for investors, Kilroy Realty Corp. detailed its reasons for <a href=\"https:\/\/www.commercialsearch.com\/news\/austins-office-pipeline-hopeful-future-qa\/\">expanding to Austin<\/a>. The metro represents a similar investment profile to the other cities where Kilroy is present, including Los Angeles, San Diego, San Francisco and Seattle. Over 80 percent of Kilroy\u2019s top technology tenants have a presence in Austin and the city\u2019s strong tech in-migration over the past years provides a steady flow of highly educated workers.<\/p>\n<h2>Further expansion plans<\/h2>\n<div id=\"attachment_1004540445\" style=\"width: 251px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004540445\" data-attachment-id=\"1004540445\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/key-center-bellevue-wash-michael-walmsley\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg\" data-orig-size=\"823,1023\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1448626840&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Key Center Bellevue Wash Michael Walmsley\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Key Center in Bellevue, Wash. Photo by Michael Walmsley.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg?w=823\" class=\"wp-image-1004540445 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg?w=241\" alt=\"\" width=\"241\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg 823w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg?resize=241,300 241w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Key-Center-Bellevue-Wash-Michael-Walmsley-e1623999941416.jpg?resize=768,955 768w\" sizes=\"auto, (max-width: 241px) 100vw, 241px\" \/><\/a><p id=\"caption-attachment-1004540445\" class=\"wp-caption-text\">Key Center in Bellevue, Wash. Photo by Michael Walmsley.<\/p><\/div>\n<p>This month, Kilroy Realty Corp. is expected to close on two additional transactions. The company is in escrow to acquire a land site for $42 million in San Diego\u2019s Little Italy neighborhood. It is adjacent to an existing development at 2100 Kettner Blvd., where Kilroy plans to build a 270,000-square-foot office.<\/p>\n<p>In Bellevue, Wash., Kilroy will pay $47 million for the acquisition of an underlying ground lease for the 488,000-square-foot Key Center project. According to CommercialEdge data, the LEED Platinum building at 601 108th Ave. was acquired by Kilroy in 2011 from Beacon Capital Partners, for $217 million. The mid-rise tower is 81 percent occupied, with tenants including Facebook, KeyBank and SAP Concur, among others, CommercialEdge data shows.<\/p>\n<p>Earlier this month, Kilroy also announced that construction started on its <a href=\"https:\/\/www.commercialsearch.com\/news\/kilroy-breaks-ground-on-950m-life-science-project\/\">$940 million life sciences project<\/a> in South San Francisco, the second phase of the 3 million-square-foot Kilroy Oyster Point.<\/p>","protected":false},"excerpt":{"rendered":"<p>The company has agreed to acquire the city\u2019s tallest office tower. <\/p>\n","protected":false},"author":1284,"featured_media":1004540438,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21808,21783,21742,21747],"tags":[33101,33134,32779,32893],"class_list":["post-1004540361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-featured","category-investment","category-latest","category-office","tag-eastdil-secured","tag-kilroy-realty-corporation","tag-leed","tag-trammell-crow-company"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kilroy Realty to Enter Austin With $580M Buy - 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-to-enter-austin-with-580m-buy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kilroy Realty to Enter Austin With $580M Buy\" \/>\n<meta property=\"og:description\" content=\"The company has agreed to acquire the city\u2019s tallest office tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-17T13:38:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T06:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/\",\"name\":\"Kilroy Realty to Enter Austin With $580M Buy - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg\",\"datePublished\":\"2021-06-17T13:38:32+00:00\",\"dateModified\":\"2022-12-09T06:04:13+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Indeed Tower. All renderings courtesy of Kilroy Realty\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Kilroy Realty to Enter Austin With $580M Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d\",\"name\":\"Tudor Scolca\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96\",\"caption\":\"Tudor Scolca\"},\"description\":\"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. He joined CPE and MHN in 2017 and is passionate about doing research for the two publications. He is responsible for data center and industrial coverage on CPE, writing seasonal metro reports on multifamily, interviews and features, as well as occasionally editing news stories.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/tudor-scolca\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Kilroy Realty to Enter Austin With $580M Buy - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/","og_locale":"en_US","og_type":"article","og_title":"Kilroy Realty to Enter Austin With $580M Buy","og_description":"The company has agreed to acquire the city\u2019s tallest office tower.","og_url":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-06-17T13:38:32+00:00","article_modified_time":"2022-12-09T06:04:13+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg","type":"image\/jpeg"}],"author":"Tudor Scolca","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/","url":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/","name":"Kilroy Realty to Enter Austin With $580M Buy - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg","datePublished":"2021-06-17T13:38:32+00:00","dateModified":"2022-12-09T06:04:13+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/1-Indeed-Tower-1.jpg","width":1200,"height":900,"caption":"Indeed Tower. All renderings courtesy of Kilroy Realty"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/kilroy-realty-to-enter-austin-with-580m-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Kilroy Realty to Enter Austin With $580M Buy"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/daae3daa7b99fdfb75a85cb3cd92a26d","name":"Tudor Scolca","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/TudorScolca_AuthorBio.jpg?w=96","caption":"Tudor Scolca"},"description":"Tudor Scolca-Seu\u0219an is an Associate Editor with Commercial Property Executive and Multi-Housing News. 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