Kilroy Realty Maple Plaza In Beverly Hills Submarket Of Los Angeles For $205M

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.