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Transactions - JUNE 9, 2021

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Kilroy Realty breaks ground on $940m life sciences project

by Released

Kilroy Realty Corp. announced that following its successful leasing of Kilroy Oyster Point Phase 1, it has started construction on the second phase of its five-phase, 50-acre, 3 million-square-foot development project in South San Francisco, the West Coast’s largest and most dynamic community of life sciences companies and research institutions. Kilroy Oyster Point Phase 2 (KOP 2) will include approximately 860,000 square feet in three buildings with a total estimated investment of $940 million.

The second phase will be home to numerous amenities that will serve all of the phases and include two standalone buildings housing a state-of-the-art fitness facility, conference center, and multiple food and beverage options. It will also showcase abundant outdoor meeting areas, including a large amphitheater, capitalizing on the project’s waterfront location and tenants’ desire for outdoor collaboration and recreation areas.

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