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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
- ◦Sale/Acquisition


