2020-12-07 06:47:23 DRE Duke Realty
12/07/20 12/0706:47 12/07/2006:47 | Duke Realty raises FY20 development starts view to $775M-$850M from $650-$800MCites significant development transactions since the start of the fourth quarter. "As I indicated on our last earnings call, our build-to-suit prospect list, and the leasing prospects for our speculative developments in progress were looking very strong, so we're pleased to announce this transaction activity," said Jim Connor, Duke Realty chairman and CEO. "The credit goes to our best-in-class regional operating teams for executing these significant transactions with both new and existing customers. Even after these transactions we continue to have an active pipeline of build-to-suit prospects. These leases and new developments will continue to drive strong earnings growth in 2021 and 2022 and make further progress in our strategic plan to grow in Tier 1 markets." |
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