LOS ANGELES–Kilroy Realty Corporation (NYSE: KRC) today announced that veteran life science real estate professional Tracy Murphy will join Kilroy Realty Corporation (“KRC”) as Executive Vice President, Life Science effective July 11, 2016.
At KRC, Ms. Murphy will be responsible for the company’s life science activities along the West Coast, an area that includes four of the top ten U.S. life science markets. The company currently has approximately 1.5 million square feet of life science properties either stabilized or in development and Ms. Murphy will lead the leasing program for these assets as well as identify and pursue new development and acquisition opportunities in the San Diego, Los Angeles, San Francisco Bay Area and greater Seattle markets.
Ms. Murphy was formerly Senior Vice President and West Coast Lead for BioMed Realty and a member of the Executive Committee. She was responsible for the strategic objectives for the Western U.S. for BioMed, including development, acquisitions, leasing and managing a ten million square foot, $4 billion portfolio. She has worked in the life science real estate market for 14 years with the last eight years at BioMed in San Diego. Ms. Murphy successfully signed hundreds of leases with over 115 different life science companies across the West Coast, including biotech leaders The J. Craig Venter Institute, Illumina, Human Longevity, Affymetrix, NovoNordisk, Nanostring, Regulus, Celgene (formerly Receptos), Halozyme, Vertex and UCSD. Before joining BioMed, Murphy co-founded the life science practice for Grubb & Ellis where she educated brokers on the unique real estate needs of life science companies. Ms. Murphy also serves on the Executive Board of Directors for BIOCOM.
About Kilroy Realty Corporation
With almost 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 March 31, 2016, the company’s stabilized portfolio totaled 13.7 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, ranking first among 155 North American participants across all asset types. At the end of the first quarter, the company’s properties were 46% LEED certified and 66% of eligible properties were ENERGY STAR certified. In addition, KRC had approximately 905,000 square feet of office and residential projects under construction with a total estimated investment of approximately $645.0 million. More information is available at http://www.kilroyrealty.com.
