Kilroy Realty Corp. has bought 201 Third Street in the south of market district of San Francisco for about $103.3 million. At present, the 12-story office property is 90 percent occupied.

The company intends to complete upgrades to the project over time which is likely to boost the asset’s profile in the commercial district. Including this purchase, the REIT has bought six West Coast office projects for approximately $516 million.

Click here for the release from Business Wire.