PS Business Parks, Inc. (NYSE: PSB) is a publicly traded full-service real estate company with expertise in leasing, property management, acquisition and development. As of September 30, 2015, the Company wholly owned 28 million rentable square feet with approximately 4.850 customers located in six states. The Company also manages approximately 1.2 million rentable square feet on behalf of Public Storage, Inc. and its affiliated entities.
PS Business Parks was organized in 1986 as a division of a predecessor of Public Storage. Since becoming public in 1998, PS Business Parks’ portfolio has grown from five million square feet by applying a disciplined investment approach. We have focused on “flex” properties that can be easily configured to suit a variety of uses and are located in high population growth markets near decision maker housing. This property type supports a wide variety of uses and customers.
In each of the markets where we own properties we hire a professional team of skilled local real estate experts who are empowered to make ownership decisions and motivated to provide a high level of service to our customers.