The International Council of Shopping Centers has presented its Distinguished Service Award to Wallace R. Woodbury, chairman of the Woodbury Corp.
Woodbury is also a senior shareholder of the law firm of Woodbury, Jensen, Kesler and Swinton. He was one of only four individuals to receive the service award.The honor is awarded by the trade association of the shopping center industry, who stated that Woodbury is the "acknowledged industry expert without peer on matters of taxation." He has been a chairman of the association's federal tax subcommittee for 20 years, and a member of its government affairs committee.
In 1985, Woodbury received an award from the National Association of Realtors, and was made a lifetime director of that institution.