Highwoods Announces Completion of First Phase of Market Rotation Plan
Highwoods Properties, Inc. (HIW)
Last highwoods properties, inc. earnings: 4/29 04:02 pm
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Source: GlobeNewswire
RALEIGH, N.C., March 31, 2020 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has completed the first phase of its two-phased plan to exit the Greensboro and Memphis markets with the sale of four office buildings encompassing 599,000 square feet in the Poplar corridor submarket of Memphis. Since the initial announcement date of August 21, 2019, the Company has sold a select portfolio of assets in Greensboro and Memphis for a total sales price of $428 million, which closely approximates the total investment for Bank of America Tower at Legacy Union in Charlotte, which closed in November 2019. The Company has closed its division offices in both Greensboro and Memphis. The second phase is the planned sale of the remaining assets in Greensboro and Memphis. There is no pre-determined timetable for the second phase. Ted Klinck, President and Chief Executive Officer of Highwoods Properties, said, “We are thrilled to have completed the first phase of our plan to exit the Gre
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HIW
Earnings
- 4/23/24 - Miss
HIW
Sec Filings
- 3/29/24 - Form ARS
- 3/29/24 - Form DEFA14A
- 3/29/24 - Form DEF
- HIW's page on the SEC website