RALEIGH, N.C., May 19, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has sold the FBI Tampa Field Office, a 138,000 square foot office building developed by Highwoods as a build-to-suit for the FBI in 2005 and renewed under a long-term lease in 2020, for $70.4 million. The Company also expects to close on the sale of its last remaining office buildings in Greensboro, which total 299,000 square feet and are 88.2% occupied, later this quarter or early in the third quarter for $20.3 million. In 2022, these office buildings were projected to generate $6.3 million of annual GAAP net operating income and $5.7 million of annual cash net operating income, which includes the impact of free rent.
Highwoods Announces $98M of Non-Core Asset Sales
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