PS Biz Parks Hires New Head of NW Portfolio

PORTLAND-PS Business Parks has hired local broker Coby Holley to direct its commercial real estate operations in the Pacific Northwest. The publicly traded company’s Northwest portfolio consists of about two million sf of space, the vast majority of which is concentrated in three business parks in the Beaverton area known as Cornell Oaks, Woodside and Creekside. Holley will be in charge of leasing, operations and tenant relations at the properties.

Holly comes to the Glendale, CA-based company from CB Richard Ellis, where he was a first vice president focused on leasing. Prior to that he was the Northwest managing director of Insignia/ESG, which was acquired by CBRE. Prior to Insignia, he was a property manager with Forum Properties, which was acquired by Insignia.

PS Business Parks COO Stephen King says Holley was hired because he not only has management experience-–Holley was actually managing some of the aforementioned parks for Forum Properties when they were acquired by PS Business Parks-–but he has been more focused on leasing for the past several years, which King says should help in filling the fairly high vacancy that now exists in the company’s Northwest portfolio. “He’s got a unique combination of skills that is right down our alley,” says King.