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LOS ANGELES-As part of the company’s capital-recycling strategy, Kilroy Realty Corp. has sold its entire industrial portfolio and two small office projects to two institutional buyers for $355 million. The real estate practice team of Allen Matkins served as representation for Kilroy on the sale of the 44 properties, which were sold in two tranches and total approximately 3.7 million square feet in aggregate.

A representative for Allen Matkins tells GlobeSt.com that Tony Natsis, partner and chair of the firm’s real estate practice group; Peter Roth, partner; Crystal Lofing, associate; and Elizabeth Wilgenburg, associate, represented Kilroy in the transactions. The two buyers were TIAA-CREF, which was represented by David Phelps of Paul Hastings’s Los Angeles office, and LBA REIT, which was represented by Andrew Shiner and Tim Farahnik of Seyfarth Shaw‘s Los Angeles office.

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