PS Business Parks
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PS Business Parks, Inc. (AMEX:PSB) is a real estate investment trust that specializes in leasing commercial, multi-tenant flex, industrial and office space.
PS Business Parks is concentrated in 8 states in the west and the south, though also has properties on the east coast -- a total of 19.6 million square feet, with 3,900 tenants. It's based in Glendale, California.
Their activities include leasing, property management, acquisition and development. It manages 1.4 million square feet for Public Storage.
PS began business in 1986 as a subsidiary of a company that later became Public Storage. They became a public REIT in March 1998.
It does business in California, Oregon, Washington, Arizona, Texas, Virginia, Florida and Maryland. Its flex properties can be reconfigured to meet the needs of many different kinds of tenants. Currently, Joseph D. Russell Jr. is the President and CEO.
PS Business Parks Properties:
Overlake Business Center, Lakewood Business Center, Cornell Oaks Corporate Center, Creekside Corporate Center, Milwaukie International Way, Parkway Commerce Center, Calle Del Oaks in Monterey California, Santa Clara Technology Park, Commerce Campus, Las Plumas Business Park in Silicon Valley California, Buena Park Industrial Center, Cerritos Business Center, Timberway II, Blue Bell Business Park, Miami International Commerce Center in Miami Florida, Monroe Business Center, Woodbridge Great Oaks, Meadows Corporate Center.
PS Business Parks is a REIT well-positioned to benefit from the economic growth of major areas of the United States, and diversified to survive economic slumps in local areas.
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