Mullen will replace John S. Gates, Jr., who remains co-chairmanof the company and will focus on corporate strategy and capitalallocation. "I expect to spend about a third of my time onCenterPoint activities," Gates explains. "This will afford me theopportunity to devote more of my energies to community, charitableand personal endeavors."

Currently president and chief operating officer, Mullen willrelinquish the former role to chief financial officer Paul S.Fisher. Although Fisher will be responsible for overseeingoperations of the REIT's 38-million-sf portfolio, senior vicepresident of investments James N. Clewlow becomes chief investmentofficer.

"While the 'batting order' has changed, our team, our focus andour strategies have not," Mullen says. ""No one--John included--isleaving. Rather, we are simply reallocating our duties."