Leading the Way in the Lone Star State
By just about any measure, Texas stands out as the nation’s leader for logistics.
For the 17th year in a row, Texas topped the nation as the number one exporting state. For the 15th consecutive year, Texas was named the Best State for Business by Chief Executive Magazine. Texas also ranks number one in capital investments, serves as the leading destination for companies relocating from other states and was most recently named the Best State for Women Entrepreneurs. If Texas were a nation, it would rank as the 10th largest economy in the world.
Growth in logistics is occurring through increased global trade, especially in the oil and gas and technology industries. Texas exported more than $47.8 billion in high tech goods last year alone, making the state the number one exporter in technology for the sixth year in a row.
Texas is home to the headquarters of nearly 50 corporations on the 2019 Fortune 500 list.
One of the key drivers of Texas’ economic success is the strength of the state’s 2.7 million small businesses, which account for nearly 93 percent of all Texas exporters. Texas keeps up with the global needs of these companies thanks to a rapidly growing transportation and logistical infrastructure. Recognizing that technology rapidly changes the way businesses move and track products, the state is building out infrastructure supported by a 10-year and more than $70 billion commitment to new state roadway projects.
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.