Kilroy Realty (KRC) to Sell The Exchange on 16th for $1.08 Billion
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Kilroy Realty to Sell The Exchange on 16th for $1.08 Billion
March 8, 2021 9:15 AM EST750,000 Square-Foot Mission Bay Property Achieves Record Price for San Francisco Commercial Real Estate Market
LOS ANGELES--(BUSINESS WIRE)-- Kilroy Realty Corporation (NYSE: KRC) today said it has signed a definitive agreement to sell The Exchange on 16th, the companys 750,000 square-foot office property located at 1800 Owens Street in San Franciscos Mission Bay neighborhood, for a purchase price of $1.08 billion or approximately $1,440 per square foot. Brokers have reported this as the highest per-square-foot sales price for a major property in the citys commercial real estate... More
