LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (KRC:NYSE) today announced that Gary R. Stevenson and Peter B. Stoneberg have joined the company’s board of directors.
Mr. Stevenson is president and managing director of MLS Business Ventures, the business division of Major League Soccer. Over the past two decades, Mr. Stevenson has held leadership positions with PAC-12 Enterprises, the National Basketball Association, and the PGA Tour. In 1997, Mr. Stevenson founded OnSport Strategies, a sports and entertainment consulting company which he led as chairman and chief executive officer until its acquisition by the Wasserman Media Group in 2007.
Mr. Stoneberg is managing partner of Velocity Ventures, LLC, a merchant banking firm he founded fourteen years ago. His extensive background in investment banking includes seven years as senior managing director with Montgomery Securities, where he founded and led the firm’s technology mergers and acquisitions group until its acquisition by Bank of America in 1999.
Both Mr. Stevenson and Mr. Stoneberg were elected to KRC’s board, along with four currently serving directors, during the company’s annual meeting held earlier this week. William P. Dickey, a KRC board member since the company’s initial public offering in 1997, retired from the board.
"We’re delighted to welcome Peter and Gary to our board of directors," said John Kilroy, Jr., KRC's chairman, president and chief executive officer. "Their extensive business experience, particularly in the technology and media industries, will be an invaluable asset to our organization.”
“We would also like to acknowledge the tremendous contributions that Bill Dickey has made to KRC,” said Kilroy. “He has played a key role in our organization’s growth and development since our IPO seventeen years ago.”
About Kilroy Realty Corporation
With more than 65 years’ experience owning, developing, acquiring and managing real estate assets in West Coast real estate markets, Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the region’s premier landlords. The company provides physical work environments that foster creativity and productivity, and serve a roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At March 31, 2014, the company’s stabilized portfolio totaled 13.3 million square feet of office properties, all located in the coastal regions of greater Seattle, the San Francisco Bay Area, Los Angeles, Orange County and San Diego. 41% of the company’s properties were LEED certified and 55% of the eligible properties were ENERGY STAR certified. In addition, KRC has approximately 2.5 million square feet of new office development under construction with a total estimated investment of approximately $1.5 billion. More information is available at http://www.kilroyrealty.com.