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Kilroy pre-leases entire office space at San Francisco development to Dropbox

Kilroy Realty Corp. agreed to lease to Dropbox Inc. the entire office space at the company's The Exchange On 16th development project in the Mission Bay neighborhood of San Francisco.

The global collaboration platform will occupy the space in three phases from the fourth quarter of 2018 to the fourth quarter of 2019. Kilroy said the 15-year lease is the largest single completed transaction for a class A commercial property in the city.

The $570 million, four-building development totals 750,000 square feet, comprising 736,000 square feet of creative office space and 14,000 square feet of retail space.