San Diego Regional EDC: Investor Spotlight
For more than six decades, Kilroy Realty Corporation has been a leader in West Coast commercial real estate markets - providing services to a diverse array of industries spanning the coast from Seattle to San Diego. This week Jamas Gwilliam, vice president of Southern California Development and Investments, elaborates on what the San Diego market means to Kilroy Realty.
1) Please tell us what your company/organization does.
We are committed to creating collaborative, sustainable, highly-amenitized work environments and improving the quality of life in the communities we are a part of. We are proud to work with some of the most innovative companies in technology, engineering, health care, biotechnology, entertainment and professional services.
Kilroy Realty was named #1 Landlord in North America by the Global Real Estate Sustainability Benchmark in 2014 across all asset classes and #5 in the world. Kilroy’s San Diego office, Kilroy Centre Del Mar was most recently awarded The International Office Building of the Year (TOBY) award in July 2015 which is a testament to the quality of operations the company stands for.
We are passionate about being environmentally responsible and improving the quality of life throughout the West Coast: Kilroy is the major donor for the Rozalia Project for a Cleaner Ocean, participating in furthering their mission of marine preservation and education.
2) What are some advantages to being located/doing business in San Diego?
San Diego has one of the most diversified economies in the world with a phenomenal bench of intellectual talent. At the hub of this economy are some of the finest educational institutions in the world. When you add in the great weather compared to other west coast markets and the relatively inexpensive cost of doing business here, San Diego is well positioned to compete globally for talent and future investment. Personally, having grown up here and recently having moved back to San Diego after 5 years in Los Angeles, I love that I can surf before work and still get to the office by 8:30. San Diego’s pace of life is just the right blend of laid-back and ambitious.
3) San Diego is full of dynamic companies, firms and service providers influencing global trends and innovation. Pick another San Diego company that is at the top of its game.
Within our 3 million SF San Diego portfolio, we provide space to many innovative companies. One dynamic organization that we have done business with is UCSD. The amount of innovation that they are fostering and investment they are making across almost every San Diego employment sector is immense. As an example, the Altman Research Institute and Jacobs Medical Center are part of a $2 billion building campaign, transforming health and medicine for UC San Diego and for the region
4) What do you anticipate for your company in five years? What do you anticipate for San Diego?
We hope to strategically increase our presence in San Diego by continuing to adjust our portfolio to reflect what we see are the changing demands in the modern workforce. Before the end of the year, we will complete The Heights Del Mar, a three-story 75,000 SF Class-A office building prominently located in one of San Diego’s largest employment centers. And as most of San Diego has seen, we hope to begin construction on One Paseo which will be a unique mixed-use community unlike anything else in the county. We are also positioning ourselves to move forward with opportunities on a few of our projects: the Horizon at Carlsbad, in Sorrento Mesa at Pacifica, Sorrento Gateway, in UTC at 9455 Towne Centre Drive, and off SR-56 adjacent to our Intuit Campus, The Meridian at Santa Fe Summit.
Over the next five years, we believe that San Diego will continue to adapt in order to not only compete but also lead in areas of innovation and technology across a multitude of existing and emerging sectors. We look forward to the opportunities that come with that innovation and change.