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NAIOP will present the award to Highwoods President and CEO Ed Fritschat NAIOP’es annual meeting Oct. 15 in Chicago. The award, whic has been presented annuallysince 1979, is givej to a member company that best exemplifies leadership and innovation in the commercial real estates industry. A five-member committee of industrhy peers selectsthe winner. Past winners include of Pa.; ProLogis of Denver, Colo.; Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoode (NYSE: HIW) is a publicly held real estatre investment trustthat owns, or has an interestt in, 382 properties in North Carolina, Florida, Tennessee, Virginia, Missouri and Iowa encompassinh 35.
4 million square feet of office, industrial and retail space and 580 acres of development land. In Highwoods reported revenueof $461 million. Since January 2005, Highwoods has delivered $633 million wort h of office and industrial propertiesencompassinh 4.1 million square including downtown Raleigh’s tallest the RBC Plaza office and condominiunm building. In 2009, the company’s goals includre continuing to upgrade the quality of the delivering $93 million of new development and sellinv $50 million to 100 million wort h of older, non-core assets.
“Highwoods is clearly a leader in both the real estated and generalbusiness communities, proven by its ability to outperform no matter what the real estate said Thomas J. Bisacquino, NAIOP’s president. “Highwoodsx is recognized throughout the industry for its development of outstanding and itis NAIOP’s privilege to recognize the company for its contributionxs to both the real estate development community and NAIOP, the commercial real estate development association, has 15,000 members in North America.
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