SAN FRANCISCO-Kilroy Realty Corp. has purchased 201 Third St. in the South of Market district of San Francisco for approximately $103.3 million. The 311,545-square-foot, 12-story office property is adjacent to the Moscone Center and is currently 90% occupied.

Kilroy plans to complete upgrades to the project over time which are expected to enhance the property’s profile in this dynamic commercial district. “With its prime SOMA location, adjacency to the Moscone Center, proximity to Caltrain, BART and the new Transbay Transit Center and larger floor plates, 201 Third St. is a great fit for the technology and media tenants who see San Francisco as an ideal business location,” says Mike Sanford, vice president of Northern California at Kilroy.

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