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Home > Company Index > Real Estate > REIT - Industrial > PS Business Parks, Inc.

PS Business Parks, Inc.
AMEX: PSB
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 PROFILE
PS Business Parks is a real estate investment trust (REIT) that acquires, develops, owns, and operates more than 150 commercial flex properties in about a dozen states. Primarily concentrated in Texas, California, Oregon, and Virginia, the REIT's holdings include some 13 million square feet of multitenant industrial and office space, including light manufacturing and assembly plants, warehouses, distribution centers, and research and development facilities. The company also manages nearly 40 commercial properties owned by self-storage giant Public Storage, Inc., which owns about 24% of PS Business Parks. The New York State Common Retirement Fund owns more than one-quarter of the REIT.

 COMPETITION
Alexandria Real Estate Equities, Inc. (ARE)
Crescent Real Estate Equities Company (CEI)
First Industrial Realty Trust, Inc. (FR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 158.70
1-Yr. Sales Growth: 23.4%
Employees: 100
Revenue per employee: $1,587,000.00

 KEY PEOPLE
• Ronald L. Havner
    CEO
• Jack E. Corrigan
    CFO

 CONTACT INFO
701 Western Ave.
Glendale, CA 91201
US
Phone: 818-244-8080
Fax: 818-244-0581
Online: Web Site

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