SAN FRANCISCO—Kilroy Realty Corp., which just last week purchased the property where the San Francisco Flower Mart is located, says it will incorporate the market into its development plans there.

Last week Kilroy announced that it had reached a deal to acquire the shares of the San Francisco Flower Growers Association, which owns part of the site. Kilroy will pay $27 million in stock and cash for that acquisition. Plans call for the SOMA site to be developed with two mid-rise buildings totaling 655,000 square feet. But the Flower Market will stay, chairman and CEO John Kilroy told the San Francisco Chronicle.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.