Industrial Growth in North Texas
The Texas summers are not the only thing heating up in North Texas. The region’s economy is growing at a blistering pace. DFW is growing faster than the nation – about 2 percent points faster. This outsized performance is only possible with robust labor force expansion. The DFW labor force increased 3.1 percent over the past year, while the sharing of people working or seeking employment was little changed.
When it comes to attracting workers and firms, it helps to be in Texas. The Lone Star State beckons many and surveys indicate that employment opportunity is the biggest reason why. With economic growth heating up, it is only natural to ask what will cool the area down. Tight labor markets are the No. 1 concern.
Featuring Jeff Thornton, Senior Vice President for the Texas Region of Duke Realty
Jeff D. Thornton serves as Regional Senior Vice President for Duke Realty’s Texas operations, and is responsibility for the company’s Houston, Tex. operations in addition to its Dallas, Tex. business unit. Thornton oversees the leasing and management of Duke Realty’s more than 17-million-square-foot industrial and office portfolio in the state, as well as works to identify acquisition and development opportunities, new land positions and prospects for build-to-suit development.
Thornton has overseen Duke Realty’s Dallas operations since 2007. He joined the company in 2001 as a Leasing Representative, earning promotions to Senior Leasing Representative and Vice President of Industrial Leasing. Before joining Duke Realty, he spent four years with Insignia/ESG.
Thornton has a degree in economics from the University of Texas at Austin’s Business Foundations program. He serves on the Board of Directors and is President-Elect of the North Texas Chapter of NAIOP (National Association of Industrial and Office Properties), and a member of the North Texas Commercial Association of Realtors and Coppell City Manager’s Advisory Group. He was named a Heavy Hitter by the Dallas Business Journal for seven consecutive years and the top-ranking Dallas/Fort Worth Leasing Agent by Black’s Guide in 2007. Under his guidance, Duke Realty’s Dallas office has been named NAIOP Developer of the Year two times and received the Dallas Business Journal’s Best Industrial Deal of the Year award three times.
Thornton will be based out Duke Realty’s Dallas office at 14241 Dallas Parkway, Suite 1000, Dallas, Tex., 75254. His office phone is 972.361.6700.
About Duke Realty
Duke Realty owns and operates approximately 149.3 million rentable square feet of industrial and office assets, including medical office, in 22 major U.S. metropolitan areas. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.