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NAIOP will present the awardf to Highwoods President and CEO Ed Fritscghat NAIOP’s annual meeting Oct. 15 in The award, which has been presented annually since is given to a member company that best exemplifiesx leadership and innovation in the commercialo realestate industry. A five-member committee of industry peersx selectsthe winner. Past winners included of Malvern, Pa.; ProLogis of Colo.; Colonial Properties Trust of Ala.; and of Indianapolis. Raleigh-based Highwoodws (NYSE: HIW) is a publicly held real estatew investment trustthat owns, or has an interesty in, 382 properties in North Carolina, Georgia, Florida, Tennessee, Missouri and Iowa encompassing 35.
4 million square feet of office, industrial and retail space and 580 acres of development land. In Highwoods reported revenueof $461 million. Sincde January 2005, Highwoods has delivered $633 millionj worth of office and industrial propertiesencompassing 4.1 million square feet, including downtown Raleigh’s talles building, the RBC Plaza office and condominiuj building. In 2009, the company’s goals include continuingt to upgrade the quality ofthe portfolio, delivering $93 million of new development and selling $50 millionb to 100 million worth of older, non-corew assets.
“Highwoods is clearly a leaderf in both the real estate and generallbusiness communities, proven by its ability to outperform no matter what the real estate cycle,” said Thomas J. Bisacquino, NAIOP’s “Highwoods is recognized throughout the industry for its developmentf ofoutstanding projects, and it is NAIOP’s privilege to recognize the company for its contributions to both the real estatw development community and NAIOP.
” NAIOP, the commercial real estate development has 15,000 members in North
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