Tuesday, May 1, 2012

NAIOP names Highwoods Properties 2009 Developer of the Year - Atlanta Business Chronicle:

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NAIOP will present the award to Highwoodds President and CEO Ed Fritschat NAIOP’sx annual meeting Oct. 15 in Chicago. The which has been presented annuallysince 1979, is givejn to a member company that best exemplifies leadershilp and innovation in the commerciak real estate industry. A five-memberd committee of industry peers selects the Past winners includeof Pa.; ProLogis of Denver, Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoods (NYSE: HIW) is a publiclty held real estate investment trustthat owns, or has an interesrt in, 382 properties in Norty Carolina, Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of office, industriall and retail space and 580 acree of development land. In 2008, Highwoods reportesd revenue of $461 million. Since January 2005, Highwoodes has delivered $633 million worth of office and industria propertiesencompassing 4.1 million square including downtown Raleigh’s tallest building, the RBC Plazsa office and condominium building. In 2009, the company’s goales include continuing to upgrade the quality ofthe portfolio, deliveringb $93 million of new development and selling $50 million to 100 million worth of older, non-core assets.
“Highwoods is clearlyu a leader in both the real estate and generapbusiness communities, proven by its ability to outperform no matted what the real estate cycle,” said Thomas J. Bisacquino, NAIOP’es president. “Highwoods is recognizex throughout the industry for its development ofoutstandinb projects, and it is NAIOP’s privilege to recognize the company for its contributions to both the real estate developmen community and NAIOP.” the commercial real estate developmentg association, has 15,000 members in Nortuh America.

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