KILROY REALTY CORP
For the period ended Jul 28, 2025. Filed Jul 28, 2025.
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Jul 28, 2025 · Filed Jul 28, 2025
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Contents
EX-99.1 · In-Process Development & Redevelopment
In-Process Development & Redevelopment Projects
| Location | Construction Start Date | Estimated Stabilization Date (2) | Estimated Rentable Square Feet | Total Estimated Investment | Total Cash Costs Incurred (3)(4) | % Leased | % Occupied | |
|---|---|---|---|---|---|---|---|---|
| TENANT IMPROVEMENT (1) | ||||||||
| Office / Life Science | ||||||||
| San Francisco Bay Area | ||||||||
| Kilroy Oyster Point - Phase 2 | South San Francisco | 2Q 2021 | 1Q 2026 | 875,000 | $1,025 | $838 | —% | —% |
| 4400 Bohannon Drive (5) | Other Peninsula | 4Q 2022 | 3Q 2025 | 48,000 | 55 | 47 | —% | —% |
| San Diego | ||||||||
| 4690 Executive Drive (5) | University Towne Center | 1Q 2022 | 3Q 2025 | 52,000 | 30 | 23 | 47% | —% |
| Total | 975,000 | $1,110 | $908 | 3% | —% | |||
(1)Represents projects that have reached “cold shell condition” and are ready for tenant improvements, which may require additional major base building construction before being placed in service.
(2)For office and retail, represents the earlier of the date the project achieves 95% occupancy or one year from substantial completion of base building components. For multi-phase projects, interest and carry cost
capitalization may cease and recommence driven by various factors, including tenant improvement construction, other tenant related timing, or changes in project scope. For Redevelopment Projects, redevelopment will
occur in phases based on existing lease expiration dates and timing of the tenant improvement build-out.
(3)Represents costs incurred as of June 30, 2025, excluding accrued liabilities recorded in accordance with GAAP.
(4)For Redevelopment Projects, includes the existing depreciated basis for the buildings to be redeveloped.
(5)Redevelopment Project.
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