Duke Realty Corp. (DRE), a real estate investment trust (REIT) engaged in owning, managing and developing industrial, health care and office properties across the U.S., has recently renewed its lease agreement with PS Executive Centers Inc., a leading provider of serviced office space, executive suites and virtual offices across the country.
 
PS Executive has renewed the lease for 13,760 square feet of space at Highland Oaks I, a 572,273 square feet Class-A office facility in Tampa. The property was occupied by PS Executive for over eight years. With the renewal of the lease, PS Executive intends to renovate the property to provide it a more professional outlook.
 
Duke Realty is one of the largest commercial real estate companies in the U.S. For over 35 years, the company has leveraged its local presence and its integrated platform to drive returns, establishing itself as a premier publicly traded real estate developer in the country.
 
Duke Realty is currently repositioning its portfolio and has exited certain markets in an attempt to concentrate in areas where it already has a strong presence. The company has temporarily closed its operations in some of its newest markets including Austin, San Antonio, Seattle and Newport Beach. The portfolio repositioning is likely to improve the internal growth metrics, enabling Duke Realty to emerge stronger once the real estate markets fully recover.
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