NYSE:HIWOffice REITs
How Investors May Respond To Highwoods Properties (HIW) Expanding Its Charlotte Presence With $223M Tower Acquisition
Highwoods Properties, Inc. recently closed the acquisition of 6Hundred at Legacy Union, a 24-story, Class AA office tower in Charlotte's Uptown CBD, for a total expected investment of US$223 million including near-term improvements and leasing capital.
This purchase grows Highwoods' Charlotte presence by adding a newly delivered, 84% leased, LEED gold-targeted property directly connected to its existing holdings in the area.
We'll look at how this significant Charlotte office tower...