Kilroy Realty Completes Acquisition Of Additional Site For Its San Francisco Flower Mart Project

Kilroy Realty Corporation (KRC:NYSE) today said it has completed the acquisition of an approximately 1.75 acre site at the corner of 5th and Brannan Streets, immediately adjacent to The Flower Mart development site the company currently owns in the heart of San Francisco’s South of Market (“SoMa”) neighborhood. KRC purchased the site from a private family for approximately $31 million in cash and 867,701 Kilroy Realty, L.P. operating partnership units.