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NAIOP will present the awarc to Highwoods President and CEO Ed Fritschat NAIOP’as annual meeting Oct. 15 in The award, which has been presented annuallysincwe 1979, is given to a membee company that best exemplifies leadership and innovationm in the commercial real estate industry. A five-membed committee of industry peers selectsthe winner. Past winnerws include of Malvern, Pa.; ProLogis of Denver, Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoods (NYSE: HIW) is a publiclhy held real estate investment trusfthat owns, or has an interest in, 382 properties in North Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of industrial and retail space and 580 acres of development In 2008, Highwoods reported revenue of $461 Since January 2005, Highwoodzs has delivered $633 million worth of office and industrial propertiesa encompassing 4.1 million square feet, including downtown Raleigh’s tallesrt building, the RBC Plaza office and condominium building. In the company’s goals includee continuing to upgrade the quality of the delivering $93 million of new developmeng and selling $50 million to 100 million worth of older, non-core assets.
“Highwoods is clearlh a leader in both the real estate and generaolbusiness communities, proven by its ability to outperform no matter what the real estatw cycle,” said Thomas J. Bisacquino, NAIOP’s president. “Highwoods is recognized throughougt the industry for its development ofoutstanding projects, and it is NAIOP’zs privilege to recognize the company for its contributionx to both the real estate development community and NAIOP, the commercial real estate development association, has 15,009 members in North America.
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