Executes 12-year Lease in South Lake Union Neighborhood
LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) announced today that it executed a 12-year lease with Amazon.com (Nasdaq: AMZN) at KRC’s existing 320,000 square-foot Westlake Terry office project in the South Lake Union neighborhood of greater Seattle.
“This transaction underscores our success in building strategic relationships with dynamic, world-class companies,” said Rob Swartz, Senior Vice President, Pacific Northwest of Kilroy Realty. “We are proud to have Amazon join our roster of significant tenants and are very pleased with the continued strength of the South Lake Union submarket.”
“We love working in the heart of Seattle and are looking forward to moving into another great office space,” said John Schoettler, Director of Global Real Estate and Facilities at Amazon.
About Kilroy Realty Corporation
With nearly 70 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. 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, 2016, the company’s stabilized portfolio totaled 13.6 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego. The company is recognized by GRESB as the North American leader in sustainability and was ranked first among 178 North American participants across all asset types. At the end of the third quarter, the company’s properties were 51% LEED certified and 72% of eligible properties were ENERGY STAR certified. In addition, KRC had one office project totaling approximately 700,000 square feet under construction and two office projects in lease-up totaling approximately 450,000 square feet. More information is available at http://www.kilroyrealty.com.