Highwoods Announces Development Project in CBD Nashville
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: GlobeNewswire
Executes Lease with Asurion for Build-to-Suit $285M Total Highwoods Investment551,000 Square Feet RALEIGH, N.C., July 23, 2018 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announced today it has signed a lease with Asurion, a leader in technology services and a new customer for Highwoods, to develop its headquarters in CBD Nashville, one of the city’s BBDs (Best Business Districts). Highwoods total expected investment for this development is $285 million and will encompass approximately 551,000 square feet, including approximately 9,000 square feet of street-level retail. The project, which will seek LEED designation, will be developed on a 4.2-acre parcel located at Church Street and 11th Avenue North that was acquired by Highwoods early this year. The project is 98.3% pre-leased overall with the office portion to be fully occupied by Asurion under a long-term lease. The project will consist of two structures, one of 9 stories and the other 8 stories, built atop a
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- Highwoods Provides Leasing UpdateGlobeNewswire
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