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Carmel Valley's First Electric Vehicle (EV) Charging Stations. (Photo: Business Wire)

Stocks in this article: KRC

Kilroy Realty Corporation (NYSE: KRC), a leader in sustainable developments, announces Carmel Valley’s first electric vehicle (EV) charging stations at the company’s regional offices at 3611 Valley Centre Drive in San Diego. The three Blink Network EV charging stations are now available to serve its employees, office building tenants, and the community at large.

Carmel Valley's first electric vehicle (EV) charging stations. (Photo: Business Wire)

Carmel Valley's first electric vehicle (EV) charging stations. (Photo: Business Wire)

Blink chargers, developed by ECOtality Inc. (NASDAQ:ECTY), feature large, easy-to-use touch screens and universal electrical charging connectors to accommodate all electrical vehicles. The charging stations can be conveniently located via mobile application or GPS.

“Carmel Valley shares KRC’s commitment to sustainability, and we’re proud to be able to bring this service to the community,” said Steve Scott, Senior Vice President, San Diego. “We are currently evaluating all our San Diego properties to see where there is need for EV connectivity and we look forward to bringing more online soon.”

Kilroy Realty intends to place additional Blink EV charging stations at its Mission City and Liberty Station projects in San Diego by year end, as well as its proposed One Paseo mixed-use project, located in Carmel Valley.

Commitment to Sustainability

KRC’s commitment to sustainability is apparent throughout its premier West Coast gateway portfolio of more than 15 million square feet.

The EPA recently awarded KRC with its ENERGY STAR Top Performer 2011 award for outstanding energy efficiency. Approximately twenty-six percent (26%) of KRC’s office portfolio is LEED certified and fifty-one percent (51%) of its office portfolio is either ENERGY STAR certified or ENERGY STAR eligible.

KRC owns and manages the largest percentage of LEED-certified commercial space in San Diego and intends to continue that tradition with the proposed One Paseo project. One Paseo’s planned sustainable design features include walkable streets, green buildings, energy and water efficiency features and erosion and sediment control measures. For more information on One Paseo, visit www.onepaseo.com.

About Kilroy Realty Corporation

With more than 60 years of experience operating in West Coast real estate markets, publicly traded real estate investment trust Kilroy Realty Corporation (KRC) is one of the region’s premier landlords. The company serves a roster of dynamic, innovation-driven tenants that include technology, entertainment, digital media and biotechnology companies. KRC has become an innovator in its own right, rethinking and reshaping work space to meet the demands of an increasingly knowledge-driven and highly collaborative workforce. In partnership with such companies as Intuit, DIRECTV and TD Ameritrade, the company is developing physical work environments that can advance creativity and productivity, taking real estate beyond simply a place to work to a strategic competitive advantage. More information is available at www.kilroyrealty.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance, results or events. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, among others: risks associated with investment in real estate assets, which are illiquid, and with trends in the real estate industry; competitive market conditions; the ability to complete potential acquisitions and dispositions on announced terms; the ability to successfully operate acquired properties; government regulations; the availability of cash for debt service and exposure of risk of default under debt obligations; and the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts. These factors are not exhaustive. For a discussion of additional risk factors that could adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2011, quarterly report on Form 10-Q for the quarter ended March 31, 2012, and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. We assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with ongoing requirements under Federal securities laws.

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