Transactions - JUNE 3, 2014

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Kilroy Realty to build $450m development in San Francisco

by Andrea Waitrovich

Kilroy Realty Corp. has paid $95 million, or $704 per square foot, for 1800 Owens St., 3.1-acre, fully entitled development site in San Francisco’s Mission Bay neighborhood. The seller was Mission Bay Development Group.

“Mission Bay is fast becoming San Francisco’s most popular new live-work-play neighborhood,” John Kilroy Jr., the company’s chairman, president and CEO, says in a statement. “Its compelling, bay-front location and its diverse mix of residential, commercial, academic and entertainment venues have produced a unique community environment that is now electrifying interest across a range of organizations. We believe our Kilroy Mission Bay office campus responds to a shortage of the collaborative space that is most in demand in San Francisco

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