"I am looking at a bunch of different possibilities but haven'treally made my decision on what I am going to do next," Peddicordtells GlobeSt.com. "I really wanted to focus on going one step at atime, and that is what I have done."

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Arden and Peddicord both say that his departure is unrelated toArden's announcement this week that it is launching a nationalexpansion platform, and it's only coincidence that the twoevents occurred so close together. "I've had a great career atArden, and I'm leaving at a good time when the company is in goodhands," he says.

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GlobeSt.com asked Peddicord if he is likely to be working witheither Arden founder Richard Ziman or former Arden president andCOO Victor Coleman, both of whom are now involved in commercialreal estate investment funds. "That's a logical question because Ihave a great relationship with both Dick and Victor, but nothinghas been considered at this point," Peddicord says.

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Whether he will choose to go with a small, entrepreneurialcompany or a larger corporate entity is also one of the questionshe is considering, Peddicord says. "Both of those possibilities areattractive to me. I need to evaluate where the opportunities areboth now and five years down the road and 10 years down the road. Ihaven't pinpointed whether I want to go with a smaller company andbuild it or be part of a larger organization and build on it."

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According to Arden president and CEO Joaquin de Monet, Peddicordwill remain with Arden to support the leadership team through theend of September of this year. "Robert has been a great colleaguefor all of us at Arden and will be missed. He has helped build astrong foundation and a team of outstanding leaders," de Monetcommented in a statement.

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Peddicord joined Arden in 1997 as a leasing manager under Zimanand Coleman, assuming several management positions throughout theyears. His leadership role at Arden culminated with the position ofCOO when Arden was acquired by General Electric in May of 2006.

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Since then, Peddicord has been a key member of the team thatexecuted Arden's expansion into new West Coast markets. Hedescribes the Arden he is leaving as "a unique and evolvingcompany" with a national growth platform and joint venture focusthat signal a promising new chapter for the West Los Angeles-basedfirm.

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