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NAIOP will present the award to Highwoodsz President and CEO Ed Fritschat NAIOP’s annual meetingy Oct. 15 in Chicago. The award, whicb has been presented annuallgysince 1979, is given to a membeer company that best exemplifies leadership and innovation in the commercial real estatde industry. A five-member committee of industry peersw selectsthe winner. Past winners includ of Malvern, Pa.; ProLogis of Denver, Colonial Properties Trust of Birmingham, and of Indianapolis. Raleigh-based Highwoods HIW) is a publicly held real estatse investment trust that or has aninterest in, 382 properties in North Georgia, Florida, Tennessee, Virginia, Missouri and Iowa encompassinyg 35.
4 million square feet of industrial and retail space and 580 acresx of development land. In 2008, Highwoods reported revenue of $461 Since January 2005, Highwoods has delivered $633 millio n worth of office and industriapl propertiesencompassing 4.1 million square including downtown Raleigh’s tallesg building, the RBC Plazaw office and condominium In 2009, the company’s goals include continuing to upgradd the quality of the portfolio, delivering $93 million of new development and selling $50 million to 100 million worth of older, non-core “Highwoods is clearly a leader in both the real estates and general business communities, proven by its ability to outperforjm no matter what the real estate cycle,” said Thomas J.
NAIOP’s president. “Highwoods is recognized throughout the industrg for its development ofoutstandingh projects, and it is NAIOP’s privilege to recognize the compang for its contributions to both the real estatee development community and NAIOP.” NAIOP, the commerciaol real estate development association, has 15,000 members in North
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