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Kilroy Realty Signs 129,752 Square Foot Lease with Fair, Isaac and Company

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LOS ANGELES, Feb 27, 2003 (BUSINESS WIRE) -- Kilroy Realty Corporation (NYSE:KRC) announced today that it has signed a seven-year lease with Fair, Isaac and Company for all of a 129,752-square-foot building located in Kilroy Centre Del Mar, a 20-acre five-building campus in the Del Mar submarket of San Diego. The property, 3661 Valley Centre Drive, was previously leased to Peregrine Systems, Inc.

Fair, Isaac and Company, a developer of data management systems and services for various industries, including the financial services industry, will locate its regional headquarters in the five-story building, which was completed in 2001. Under the terms of the lease, Fair, Isaac is scheduled to take occupancy of the building on August 1, 2003.

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 more than 50 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of California and Washington. Principal submarkets for KRC's current development program include West Los Angeles, El Segundo and coastal San Diego. At December 31, 2002, the company owned 7.4 million square feet of commercial office space and 4.9 million square feet of industrial space. More information is available at www.kilroyrealty.com.

CONTACT:
Kilroy Realty Corporation
Richard E. Moran Jr., 310/481-8483
Tyler H. Rose, 310/481-8484

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