PS Business Parks
PS Business Parks, Inc. is a publicly traded real estate investment trust that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. It owns over 27.6 million rentable square feet in California, Texas, Virginia, Florida, Maryland and Washington state and holds a 95% interest in a 395-unit apartment complex.History
The company was formed in 1990 as a division of Public Storage.
In 1998, the company was spun-off from its parent.
In 2002, the company acquired Metro Park North, a 17-building business park in Rockville, Maryland for $125 million.
In 2011, the company purchased a 5.34 million-square-foot industrial and flex portfolio in Northern California from a subsidiary of Deutsche Bank for $520 million.
In 2018, the company acquired a portfolio of industrial properties in Northern Virginia for $143 million.
