Kilroy Realty Corporation announced that it acquired 345-349 Oyster Point Boulevard (“Oyster Point Tech Center”), a 146,000 square foot laboratory and office project for approximately $111 million. Oyster Point Tech Center is located on the north end of the burgeoning South San Francisco submarket. The project is comprised of three, two-story buildings and is approximately 80% leased. Two-thirds of the project is leased on a long-term basis to an investment grade, global health care diagnostics company.