John McCloudis editor of Industry Property Journal,from which this article is excerpted.

Newport Beach, CA—The Koll Co. is increasing itsportfolio by more than 50%, moving into three new markets andconsidering expansion into several more, a company executive says.The firm is adding about 1.7 million sf to the 3.2 million sf italready owns in Southern California, Arizona and Nevada. Theproperties include two light industrial parks in Utah--the119,592-sf Broadbent Business Park in Salt Lake City and the78,400-sf Redwood Business Park in West Valley--and similarcomplexes in Colorado and Texas.

Koll managing partner Alan Airth says the company is consideringpotential acquisitions in the San Francisco Bay Area and thePacific Northwest. The company is looking exclusively atmulti-tenant industrial business parks that feature 1,000-sf to3,000-sf units with small amounts of office space in the front andwarehouse space in the rear. Typical tenants are young companiesmaking their first moves out of their owner's basement or garage,he adds.