Howard Shiebler Resigns from Kilroy Realty Board
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LOS ANGELES--(BUSINESS WIRE)--July 5, 2007--Kilroy Realty Corporation (NYSE:KRC) today said that Howard Shiebler advised the company that he is no longer authorized by his employer to serve on Kilroy Realty's Board of Directors and announced his resignation effective immediately. "We regret that Howard cannot serve on our Board and wish him the best," said John B. Kilroy, Jr., the company's president and chief executive officer.
Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a Southern California-based real estate investment trust active in the office and industrial property sectors. For 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. Kilroy Realty currently has an in-process development and redevelopment pipeline of approximately 1.3 million square feet in Los Angeles and San Diego counties. At March 31, 2007, the company owned 7.8 million rentable square feet of commercial office space and 3.9 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.
CONTACT: Kilroy Realty Corporation