KKR & Co agreed to acquire The Exchange, a 750,000-square-foot Class A office complex, from Kilroy Realty, a real estate investment trust, for $1bn. "We are thrilled to be building on our deep commitment to the West Coast real estate market with the purchase of this premier property in Mission Bay, a highly attractive location serving as a world-class innovation center," Justin Pattner, KKR Partner and Head of Real Estate Equity in the Americas.