LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today said that veteran commercial real estate professional A. Robert Paratte has joined the West Coast real estate investment trust to oversee the company’s leasing and business development activities from Seattle to San Diego. In his new role, Paratte will pursue new build-to-suit opportunities, cultivate and expand the company’s roster of key tenant relationships, focus on corporate marketing and branding, and assist in the professional development of all leasing personnel.
Across a two-decade plus career in commercial real estate, Paratte has held leadership roles in a variety of disciplines, including leasing, property acquisitions, development and property management. He joins KRC after seven years at Tishman Speyer where he was managing director for global leasing and business development. He was responsible for maintaining and building relationships with corporate real estate executives across the country and around the world. In addition, Paratte was instrumental in securing some of the largest lease transactions in the firm’s development projects.
Prior to Tishman Speyer, Paratte was a partner at San Francisco-based William Wilson and Associates. Paratte was named the San Francisco Business Times Deal Maker of the Year in 2002. He holds a bachelor of sciences degree in Environmental Planning from the University of California, Davis and an MBA from the University of San Francisco. Paratte will be based in the company’s San Francisco office.
About Kilroy Realty Corporation. With more than 65 years of experience owning, developing, acquiring and managing commercial properties in West Coast real estate markets, publicly traded real estate investment trust Kilroy Realty Corporation (KRC), a member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that can advance creativity and productivity to serve a roster of dynamic, innovation-driven tenants that includes technology, entertainment, digital media and health care companies. At September 30, 2013, the company’s stabilized portfolio totaled 12.5 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County, and San Diego. In addition, KRC has approximately 1.9 million square feet of new office development under construction with a total estimated investment of approximately $1.1 billion. More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, among others, risks associated with: investment in real estate assets, which are illiquid; trends in the real estate industry; significant competition, which may decrease the occupancy and rental rates of properties; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired properties; the availability of cash for distribution and debt service and exposure of risk of default under debt obligations; adverse changes to, or implementations of, applicable laws, regulations or legislation; and the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts. These factors are not exhaustive. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2012 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on information that was available, and speak only, as of the date on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent required in connection with ongoing requirements under U.S. securities laws.