High-rise commercial buildings

Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
California  + Orange County  + Office  | 

Kilroy Completes Disposition of Last Orange County Asset

Los Angeles-based Kilroy Realty Corporation completed the sale of 2211 Michelson in the heart of the Irvine Business Complex for $116 million. The buyer of the 12-story, 271,556-square-foot office tower was undisclosed.

The asset near John Wayne Airport was Kilroy’s only building in Orange County, and this disposition, along with the sale of 2829 Townsgate in March, completes the company’s 2019 capital recycling program, totaling $134 million. The company will use sale proceeds to fund development, potential acquisitions and for other general corporate purposes, including paying down debt.

2211 Michelson was the first multi-tenant building on the West Coast to be certified at the Silver level, under the U.S. Green Building Council’s LEED for Core & Shell rating system. The building was completed by Hines in 2007, and Kilroy bought the asset in 2010 for $103 million. Tenants include WeWork and Brom International.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Kilroy Realty

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action
New call-to-action
New call-to-action