M&A Deal Summary

Kilroy Realty Acquires Seattle High-Rise

On July 26, 2012, Kilroy Realty acquired real estate company Seattle High-Rise for 186M USD

Acquisition Highlights
  • This is Kilroy Realty’s 2nd transaction in the Real Estate sector.
  • This is Kilroy Realty’s largest (disclosed) transaction.
  • This is Kilroy Realty’s 2nd transaction in the United States.
  • This is Kilroy Realty’s 1st transaction in Washington.

M&A Deal Summary
Date 2012-07-26
Target Seattle High-Rise
Sector Real Estate
Buyer(s) Kilroy Realty
Deal Type Add-on Acquisition
Deal Value 186M USD

Target

Seattle High-Rise

Bellevue, Washington, United States
Seattle High-Rise the 417,000 square-foot, 24-story, Class A office tower known as Skyline Tower.Skyline Tower is a LEED Silver certified property featuring spectacular views of the Cascade and Olympic Mountains and Mount Rainier, and sits in close proximity to Bellevue’s affluent residential and retail neighborhoods.

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Buyer(S) 1

Buyer

Kilroy Realty

Los Angeles, California, United States

website

Category Company
Sector Real Estate
Employees244
Revenue 1.1B USD (2022)
DESCRIPTION

Kilroy Realty a publicly traded real estate investment trust and member of the S&P MidCap 400 Index. The company provides physical work environments that foster creativity and productivity, and serve a roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. Kilroy Realty is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 9
Sector (Real Estate) 2 of 9
Type (Add-on Acquisition) 2 of 8
State (Washington) 1 of 2
Country (United States) 2 of 9
Year (2012) 2 of 3
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-26 Brannan Street Development Site

San Francisco,, California, United States

Brannan Street Development Site is a 0.82-acre development site. The site is zoned for approximately 5.0 FAR coverage and the company intends to build a six-level office building designed to appeal to the area’s growing community of technology and media companies.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 22-story Class A office building

United States

22-story, Class A office building is currently 87% leased, with in-place rents significantly below current market levels.

Buy $79M
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