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IRVINE, CA-Kilroy Realty Corp. is under contract to acquire the 12-story, 271,600-square-foot 2211 Michelson Dr. office building from a joint venture of Hines Interests and Crescent Real Estate Equities for $103 million, according to a statement issued by the Los Angeles-based REIT. Kilroy says that the building, which was completed in 2007 and was one of the first Silver LEED buildings on the West Coast, is 92% leased.

The 2211 Michelson building, in the John Wayne Airport area submarket, was developed on a 1.2-acre site that includes an adjacent six-story parking structure providing parking at the ratio of six stalls per 1,000 square feet of building space, according to previous GlobeSt.com reports on the project. The building was the fourth to be developed in the original Koll Center Irvine South Campus, which is now known as Von Karman Towers.

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