LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today announced that Justin Smart has been promoted to executive vice president, Development and Construction Services.
Smart, a 12-year veteran of the real estate investment trust, is the senior officer responsible for construction for Kilroy Realty’s rapidly growing development and redevelopment programs as well as the company’s tenant improvement and general capital expenditure projects. Kilroy Realty’s existing development pipeline has increased substantially over the last several years and now includes four projects that are currently under construction in the San Francisco Bay Area, which represent, in the aggregate, an investment of approximately $800 million.
“Justin plays a crucial role working with our regional teams to ensure the quality, cost efficiency and timely delivery of our development pipeline,” said John Kilroy, Jr., KRC’s president and chief executive officer. “With the steady expansion of development opportunities in our West Coast markets, his talent and experience are crucial to our success. This is a well-deserved promotion to a key member of our senior management team.”
Smart, who joined Kilroy Realty in 2000, has nearly three decades of experience in real estate development covering a wide range of product types, including office, industrial, residential and resort properties throughout the United States. He was integrally involved in delivering corporate campuses to many of the company’s key tenants, including AMN Healthcare, DIRECTV and Intuit.
About Kilroy Realty Corporation. Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the office property sector along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At September 30, 2012, the company's stabilized office portfolio encompassed 12.7 million rentable square feet. More information is available at http://www.kilroyrealty.com.