The Great Recession put the $1 billion Duke Realty Corp. project years behind schedule, but progress picked up again in 2011 and 2012. A tipping point for momentum was the long-anticipated Meijer store’s opening in 2014.
The Indianapolis-based developer has narrowed its focus to industrial and medical-office properties. It's been selling off traditional office buildings, which used to make up the bulk of its portfolio.
In just the last year, Mark Denien has helped Duke Realty Corp. raise more than $2.4 billion in capital and pay off $1.4 billion in debt. In the process, the company's debt-to-market-cap ratio improved from 49 percent in early 2014 to 34 percent today.