AMB Property Private Capital President To Retire

Stock quotes in this article: AMB  

SAN FRANCISCO (AP) — Industrial real estate owner and developer AMB Property Corp. said Friday its president of private capital plans to retire in March.

John T. Roberts Jr. will be succeeded by Guy F. Jaquier, president of Europe and Asia. Jaquier will assume the new duties Jan. 1.

AMB Property owns, operates and develops industrial real estate with ownership or investment in nearly 157 million square feet in 48 markets in 14 countries.

Its portfolio includes industrial properties located near airports, seaports and ground transportation systems.

AMB Property shares rose 50 cents, to $25.

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