Wed. Aug 10th, 2022

PS Business Parks CEO Mac Chandler and new CFO Adeel Khan (PS Business Parks, LinkedIn via Khan)
PS Business Parks CEO Mac Chandler and new CFO Adeel Khan (PS Business Parks, LinkedIn via Khan)

PS Business Parks has a new CFO who brings a lot of industrial experience to the job.

The Glendale-based REIT tapped Adeel Khan for the position and replaced Jeffrey Hedges, the company recently announced. Khan takes over in November, with Hedges continuing until February in an advisory role.

Khan previously served as CFO of Rexford Industrial Realty, one of Los Angeles’ largest industrial landlords. He left the position last year and was replaced by Laura Clark, former head of capital markets at Regency Centers.

Khan, who graduated from Cal State Fullerton, joined Rexford in 2013, just before the company was listed on the stock exchange.

Rexford has since acquired an industrial portfolio of more than 26 million square meters, rising in the midst of the growing demand for warehousing and storage space over the past few years.

PS Business Parks owns approximately 28 million square feet of office and storage space spread across California, Florida, Maryland, Texas, Virginia and Washington.

The company operates about 2.2 million square feet of space in the Los Angeles market, including a 146,000-square-foot business park in Culver City and a 400,000-square-foot industrial park in Cerritos.

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