Kilroy Realty Corporation (NYSE: KRC) today announced that it has signed a long-term lease with a major technology company for the entirety of its 9455 Towne Centre Drive project (“9455 TCD”), a 160,400 square foot new development located in the University Towne Centre (UTC) submarket of San Diego. 9455 TCD is scheduled for completion mid-2020.
9455 Towne Centre Drive is a five-story, state of the art, LEED Platinum targeted project designed to accommodate office and life science users, featuring approximately 30,000 square foot, flexible floor plates, floor to floor heights of 15 to 16 feet and 600 parking spaces. The project incorporates a vibrant architectural design that includes numerous amenities, such as collaborative common areas, resource-efficient sustainable features, an indoor and outdoor fitness center and a roof deck.
Located in the UTC submarket, San Diego’s hub of technology and life science, 9455 TCD is surrounded by a variety of retail and entertainment amenities and offers easy access to major freeways.
“With the execution of this lease, the office and life science component of our $2.1 billion of development projects under construction is now approximately 90% leased. We are thrilled with our leasing success this year, not only marking a record year in development leasing in our company’s history but also forming relationships with the most innovative and productive companies in the world,” said Robert Paratte, the company’s Executive Vice President, Leasing and Business Development.
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