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Mike Shields Joins Kilroy Realty as Vice President - Pacific Northwest

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LOS ANGELES, Aug 02, 2011 (BUSINESS WIRE) -- Kilroy Realty Corporation (NYSE: KRC) announced today that it has appointed Mike Shields as Vice President in charge of the company's Pacific Northwest Region with responsibilities that include asset management, leasing, acquisitions, development and redevelopment. With the recent completion of the Key Center acquisition in Bellevue, Kilroy Realty expanded its greater Seattle platform to almost 900,000 square feet.

Mr. Shields has 16 years of experience in the Puget Sound commercial real estate market serving in key positions for other well-known real estate firms, including Spieker Properties, Equity Office Properties and Trinity Real Estate. During his career, Mr. Shields has managed over $1 billion of investment activity, including over eight million square feet of office and industrial, acquisition, disposition and development activity.

Most recently, Mr. Shields served as Principal at Trinity Real Estate where he was responsible for property acquisitions, financing and asset management in the Puget Sound market. From 2001 to 2004, Mr. Shields served as Director of Investments at Equity Office Properties (formerly NYSE: EOP) where he was responsible for the acquisition and disposition of properties in the Pacific Northwest and Northern California markets. From 1996 to 2001, Mr. Shields served in various asset management, leasing and development capacities at Spieker Properties (formerly NYSE: SPK), including repositioning and redevelopment of office and industrial properties.

"We are tremendously excited to be adding Mike Shields to KRC's senior management team. Like KRC's other regional executives, Mike has deep experience in the local markets, and has a terrific track record of delivering consistently solid performances for both public and private real estate investment firms. Mike's presence will be instrumental in KRC's drive to achieve the strongest possible operating results and profitable growth over the long-term," said John 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 real estate investment trust active in the premier office and industrial submarkets along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At June 30, 2011, the company owned 11.5 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space. More information is available at

SOURCE: Kilroy Realty Corporation

Kilroy Realty Corporation
Tyler H. Rose
Executive Vice President and Chief Financial Officer
Michelle Ngo
Vice President and Treasurer