Kilroy Realty Signs 68,000 Square Foot Lease with QUALCOMM; QUALCOMM to Occupy 100% of 5717 Pacific Center Blvd.
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LOS ANGELES--(BUSINESS WIRE)--Aug. 22, 2005--Kilroy Realty Corporation (NYSE:KRC) today said it has signed a 10-year lease agreement with QUALCOMM Incorporated (NASDAQ:QCOM) for 100% of the 5717 Pacific Center Blvd., a 67,995 square foot, 2 story office/engineering building located in the Sorrento Mesa submarket of San Diego. The lease will commence in December 2005.
QUALCOMM will utilize the building for both office and engineering lab uses which will take advantage of the additional advanced improvements that KRC integrated into the building during its recent redevelopment of the property.
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. KRC is currently active in office development and redevelopment in Los Angeles and San Diego counties. At June 30, 2005, the company owned 7.6 million rentable square feet of commercial office space and 4.4 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.