Duke Realty Corp. said Monday its chief operating officer will leave the company at the end of the year.
The company said Robert Chapman's decision to resign was linked to an expected lower level of new property development and a primary focus on local leasing operations by the company.
Chapman joined the company in 1997.
Duke Realty owns and operates about 136 million square feet of industrial and office space in 20 cities.
Shares rose 66 cents, or 6 percent, to close earlier at $11.74.