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Kilroy Signs 2.6M SF Across West Coast Markets

Los Angeles-based Kilroy Realty Corporation signed roughly 2.6 million square feet of new or renewing leases at rents that are up 15% on a cash basis and 37% on a GAAP basis over the prior leases. Included in this leasing activity are nearly 2.2 million square feet of leases signed through the end of the third quarter, and 415,000 square feet of leases signed in October.

This month, the company signed a long-term lease reportedly with DoorDash for roughly 193,000 square feet of office space in San Francisco’s SoMa district. Also in October, in the San Diego’s Del Mar submarket, two leases were signed, including a 67,000 square foot HQ lease with a publicly-traded life science company and FICO signed an 80,000 square foot renewal that extends the original lease expiration from early 2020 to 2027.

During the third quarter, the company completed two large transactions greater than 80,000 square feet, including 10-year leases with Facebook, Inc. encompassing 85,000 square feet in Bellevue, WA, and a 12-year renewal with Internet Brands for 92,000 square feet in El Segundo, CA.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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