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What does SECLOC stand for?

SECLOC stands for Secondary Location

This definition appears somewhat frequently

Samples in periodicals archive:

However, the positive performance remains largely concentrated in the best quality projects in prime locations with secondary locations and poor quality projects continuing to experience high vacancy rates and stable or even falling rental values, said the report by Jones Lang LaSalle, a leading real estate investment and advisory firm.
Thornton Square was the ideal area, with the area off Canal Street, next to the market, also identified as a suitable secondary location.