Box Extends Redwood City HQ Lease Through 2040 at Kilroy’s Crossing/900, Trimming to 243,000 SQFT in $283MM Deal
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- 6 stories mentioning Kilroy on the wire in the past 90 days. Kilroy coverage →
Computed from Real Estate Trail’s own tracked coverage
Box has recommitted to downtown Redwood City through 2040, extending its headquarters lease at Kilroy Realty's Crossing/900 campus even as the software company sheds roughly 40,000 square feet in one of the Peninsula'…
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