Duke's Denny Oklak: Pre-leased medical offices a bright spot

10/29/2009 | REIT.com

The diversified office, industrial and medical office REIT Duke Realty Corp. started shutting down its development pipeline at the end of 2007 when the capital markets and the general economy started into their downturn, said Denny Oklak, chairman and CEO of Duke Realty Corp. The few development deals Duke is pursuing are medical offices, with an emphasis on pre-leasing. The REIT still is interested in developing new medical offices on the campuses of major health care providers, ideally adjacent to an acute care hospital, he said.

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