Kilroy Puts IPO Cash to Work in Anaheim

Kilroy Realty Corp., an El Segundo-based real estate investment trust, recently completed its initial public offering and has begun investing some of that cash. The group just purchased an 187,628-square-foot office and industrial complex in the 4000 block of East La Palma Avenue in Anaheim for $12.1 million, according to Jack Faris, who brokered the deal with Alan Pekarcik of Voit Commercial Brokerage. The center consists of one fully leased office building and two leased R&D; buildings totaling 144,000 square feet.

Melinda Fulmer covers real estate for The Times. She can be reached at (714) 966-7832.