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Press Room Release

Kilroy Realty Completes Sale of 2265 E. El Segundo Boulevard

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LOS ANGELES--(BUSINESS WIRE)--Dec. 14, 2005--Kilroy Realty Corporation (NYSE:KRC) announced today that on November 22, 2005 it completed the sale of 2265 E. El Segundo Boulevard, a currently vacant industrial building located in El Segundo, California. The sales price was $9.6 million and the book gain on the transaction was $7.1 million.

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. Kilroy Realty currently has an in-process development pipeline of approximately 644,000 square feet of office space in San Diego County. At September 30, 2005, the company owned 7.8 million rentable square feet of commercial office space and 4.7 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.

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

SOURCE:
Kilroy Realty Corporation