Los Angeles-based Kilroy Realty Corp. recently revealed that Tracy Murphy, Kilroy Realty’s Executive Vice President, Life Science, has resigned. Murphy joined the company in 2016 and is leaving KRC to pursue other opportunities.
“We brought Tracy on to build and expand our life science platform on the West Coast. We have executed on that plan and remain fully committed to the space,” said John Kilroy, Kilroy Realty’s Chairman and Chief Executive Officer. “Our life science assets, including our two under construction development projects, are currently 100% leased or in lease negotiations. Although Tracy is leaving, we have a very capable team and we will continue to execute on our strategy to expand our life science business.”
Also in Kilroy exec moves, the REIT revealed that Steve Rosetta, Executive Vice President and Chief Investment Officer, is leaving KRC. Jonathan Praw, the company’s SVP, Investments, has been promoted to SVP, Chief Investment Officer. Before joining the company in April 2018, Praw was Senior Vice President at Equus Capital Partners, a real estate private equity company, where he oversaw the Western Region for acquisitions, dispositions and asset management for more than ten years.
We want to thank Steve for all his contributions,” said John Kilroy, Kilroy Realty’s Chairman and Chief Executive Officer. “We wish him the best in his return to the private real estate world.
“Jonathan brings tremendous experience to the CIO role,” Kilroy added. “He has the leadership qualities, a strong network of real estate relationships and a proven track record in both acquisitions and dispositions to help us continue our strong execution up and down the Coast.
“I’m very appreciative of the opportunity I’ve had to work on many exciting projects at Kilroy,” said Steve Rosetta. “The company is extremely well-positioned and I’m confident it will continue to maintain its position as the leading West Coast REIT.