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この means "this" so この辺 just means this area.
The reading for the kanji portion is just what you've already learned with the kanji 辺 so this shouldn't be a difficult one to read for you.
この辺は、人が少ないです。
There are not many people in this area.
この辺に、おすすめのレストランはありますか？
Is there a restaurant you would recommend in this area?
あなたの会社は、この辺ですか？
Is your company around here?
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