EastGroup Properties, Inc. Elects Donald F. Colleran to Its Board of Directors
August 01, 2017 at 12:11 am IST
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EastGroup Properties announced that Donald F. Colleran has been elected to its Board of Directors. Mr. Colleran is Executive Vice President, Chief Sales Officer of FedEx Corporation where he has served in a variety of leadership roles since 1989. Mr. Colleran will serve as an independent director, and his election increases the EastGroup Board of Directors to ten members.
EastGroup Properties, Inc. is an internally managed equity real estate investment trust (REIT). The Company is focused on the development, acquisition and operation of industrial properties in Sunbelt markets throughout the United States, primarily in the states of Florida, Texas, Arizona, California and North Carolina. The Company owns approximately 510 industrial properties in 12 states. The Companyâs portfolio includes development projects and value-add properties in lease-up and under construction, including approximately 59.2 million square feet consisting of 470 business distribution properties containing 53.9 million square feet. It also has 17 bulk distribution properties containing 4.4 million square feet, and 23 business service properties containing 900,000 square feet.