This is the 729th most frequent French word.
situé
"Situated" or "located."
Here, 'situé' indicates the location of an object (the office) in a geographical sense.
Mon bureau est situé au centre-ville.
My office is located downtown.
In this sentence, 'situé' modifies the noun 'le magasin,' providing additional spatial information about its placement.
Le magasin, situé près de la gare, est très pratique.
The store, situated near the station, is very convenient.
Here, 'situé' describes the geographic location of Paris.