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Stock impact report

Kilroy Realty Corporation Announces Acquisition of Maple Plaza in Beverly Hills

Kilroy Realty Corporation (KRC) 
Last kilroy realty corporation earnings: 4/29 05:08 pm Check Earnings Report
US:NYSE Investor Relations: kilroyrealty.com
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) (“Kilroy” or the “Company”) announced today that it has acquired Maple Plaza, a 293,000-square-foot Class A office campus in the iconic Beverly Hills submarket of Los Angeles, for $205 million. The acquisition was funded with cash on hand and recent disposition proceeds. This marks Kilroy’s first acquisition in Beverly Hills, a supply-constrained submarket that has among the lowest vacancy rates in the Greater Los Angeles market.“Kilroy continues to successfully capitalize on the liquidity now returning to the West Coast office transaction market, repositioning our portfolio into assets with demonstrated track records of long-term durability and growth,” commented Angela Aman, CEO of Kilroy. “The acquisition of Maple Plaza in the highly sought-after and supply-constrained Beverly Hills submarket represents a unique opportunity to enter one of the most vibrant commercial neighborhoods in Los Angeles at a substantia Show less Read more
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