PS Business Parks Acquires Orchard Business Park in San Jose for $16MM

GLENDALE, Calif.--PS Business Parks, Inc. (NYSE:PSB) announced that on December 30, 2014, it acquired Orchard Business Park, an eight-building, 119,000 square foot multi-tenant flex park in San Jose, California, for $16.0 million. The park, which is 96.7% occupied, is contiguous to the Company’s existing 164,000 square foot Charcot Business Park, which is 100.0% occupied. Orchard […]