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Transactions - SEPTEMBER 21, 2021

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Kilroy Realty grows Seattle footprint with $490m acquisition

by Andrea Zander

Kilroy Realty Corp. has completed the acquisition of West 8th, a 28-story, LEED Platinum, 539,000-square-foot office building in Seattle. The premier office project is located in the vibrant and highly amenitized Denny Regrade submarket. Anchored by Amazon.com Inc., West 8th will bring immediate strategic benefits, including enhancement to the company’s already strong tenant credit profile, the potential to increase below-market rents on a near-term expiration and the expansion of the company’s best-in-class office portfolio that meets the needs of the modern tenant.

West 8th, built in 2009, is located directly across the street from Amazon’s nearly 5 million-square-foot newly constructed headquarters campus. The project includes unmatched transit access and proximity to numerous retail amenities and features a walk score of 100 and a transit score of 100. The building is fully leased and anchored by Amazon, which leases approximately 70 percent of the space through Apr

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