Anyone who keeps a close eye on Duke Realty Corp. might have experienced déjà vu in the fall of 2010. That December, the Indianapolis- based REIT wrapped up one of the year’s biggest portfolio transactions: the $1.1 billion sale of a geographically diverse portfolio of suburban office assets to an affiliate of the Blackstone Group L.P. Completed in December, that transaction was the biggest milestone yet in Duke’s strategy to transform its portfolio into majority industrial and exit many of its suburban office markets.
Denny Oklak—the 26-year company veteran who has served as CEO since 2004—is overseeing a transformation that is on pace to reach the finish line well ahead of schedule.
Click here to read more about the vision of Duke Realty’s CEO.