Just four years ago, Duke Realty held an asset mix of 55 percent suburban office, 36 percent industrial, 5 percent medical office and 4 percent retail. An aggressive repositioning plan spurred by CEO Denny Oklak called for reducing the office allocation to 25 percent and boosting industrial to 60 percent.
Moving swiftly toward that 2013 goal has brought the company to a second-place spot on National Real Estate Investor magazine’s Best of the Best rankings for industrial real estate owners, based on total square footage owned. The company landed at number six for industrial developers.
In addition to its 114.5 million square feet of industrial space, Duke Realty also owns an impressive office portfolio. Duke Realty landed at number 13 on NREI’s list of top office owners and got the number 14 spot for property managers.
Take a look at the full list of rankings from NREI here.