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    UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*
 
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Keystone Property Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

 

 

493596100

 

 
   
(CUSIP Number)
   

9/8/02

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        ý      Rule 13d-1(b)

        o      Rule 13d-1(c)

        o      Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Page 1 of 5 Pages



CUSIP No.            493596100                             


1.   Name of Reporting Persons
I.R.S. Identification Nos. of above Persons (entities only).
The Allstate Corporation
36-3871531


2.   Check the Appropriate Box if a Member of a Group (See Instructions)
N/A
  (a)  o
(b)  o


3.   SEC Use Only    


4.   Citizenship or Place of Organization
Delaware
   

Number of Shares Beneficially Owned
by Each Reporting Person With:

 

 

5.

 

Sole Voting Power
634,920.80

 

 
   
    6.   Shared Voting Power
0
   

 

 


    7.   Sole Dispositive Power
634,920.80
   

 

 


    8.   Shared Dispositive Power
0
   

9.   Aggregate Amount Beneficially Owned by Each Reporting Person
634,920.80
   


10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
n/a
  o


11.   Percent of Class Represented by Amount in Row (9)
2.89%
   


12.   Type of Reporting Person (See Instructions)
HC
   


Page 2 of 5 Pages



Item 1.

(a)   Name of Issuer

 

 

Keystone Property Trust
   
(b)   Address of Issuer's Principal Executive Offices

 

 

200 Four Falls Corporate Center, Suite 208
West Conshohocken, PA 19428
   

Item 2.

(a)   Name of Person Filing

 

 

The Allstate Corporation
   
(b)   Address of Principal Business Office or, if none, Residence

 

 

2775 Sanders Road
Northbrook, Illinois 60062-6127
   
(c)   Citizenship

 

 

Delaware
   
(d)   Title of Class of Securities

 

 

Common Stock
   
(e)   CUSIP Number

 

 

493596100
   
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

 

o

 

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

 

o

 

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

 

o

 

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

 

o

 

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

 

o

 

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)

 

o

 

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)

 

ý

 

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G) (Note: See Item 7).

(h)

 

o

 

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)

 

o

 

A church plan that is excluded from the definition of an

Page 3 of 5 Pages


        investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j)   o   Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)   Amount beneficially owned:

 

 

 

 

634,920.80
       
(b)   Percent of class:

 

 

 

 

 
        2.89%
       
(c)   Number of shares as to which the person (1) has:
         
    (i)   Sole power to vote or to direct the vote

 

 

 

 

634,920.80
       
    (ii)   Shared power to vote or to direct the vote

 

 

 

 

 
        0
       
    (iii)   Sole power to dispose or to direct the disposition of

 

 

 

 

634,920.80
       
    (iv)   Shared power to dispose or to direct the disposition of

 

 

 

 

0
       

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.    ý

Item 6. Ownership of More than Five Percent on Behalf of Another Person

         N/A


Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Allstate Insurance Company is an insurance company as that term is defined in Section 3(a)(19) of the Securities Exchange Act of 1934.


(1)
Allstate Insurance Company, a wholly owned subsidiary of The Allstate Corporation, beneficially owns 400,000 shares of Series C Convertible Preferred Stock, which is currently convertible into 634,920.80.

Page 4 of 5 Pages


Item 8. Identification and Classification of Members of the Group

         N/A


Item 9. Notice of Dissolution of Group

         N/A


Item 10. Certification


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 11, 2003        
    THE ALLSTATE CORPORATION

 

 

By:

 

ALLSTATE INSURANCE COMPANY

 

 

 

 

By:

        Mary J. McGinn
Vice President

Page 5 of 5 Pages




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