JACKSON, Miss., Aug. 31, 2017 /PRNewswire/ -- EastGroup
Properties (NYSE: EGP) announced today that Donald F. Colleran has been elected to its Board
of Directors. Mr. Colleran is Executive Vice President, Chief
Sales Officer of FedEx Corporation (NYSE: FDX) 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 a self-administered equity real
estate investment trust focused on the development, acquisition and
operation of industrial properties in major Sunbelt markets
throughout the United States with
an emphasis in the states of Florida, Texas, Arizona, California and North
Carolina. The Company's goal is to maximize shareholder
value by being a leading provider in its markets of functional,
flexible and quality business distribution space for location
sensitive customers (primarily in the 10,000 to 50,000 square foot
range). The Company's strategy for growth is based on
ownership of premier distribution facilities generally clustered
near major transportation features in supply-constrained
submarkets. EastGroup's portfolio, including development projects
in lease-up and under construction, currently includes over 38.6
million square feet.
EastGroup Properties, Inc. press releases are available at
www.eastgroup.net.
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SOURCE EastGroup Properties