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Stock impact report

Highwoods Acquires Two Development Parcels in CBD Nashville

Highwoods Properties, Inc. (HIW) 
Last highwoods properties, inc. earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: highwoods.com/for-our-investors
Company Research Source: GlobeNewswire
$50.3M Combined Purchase Price9.0 Acres (5.4-Acre and 3.6-Acre Parcels)Zoned for Aggregate 1.2M Square Feet of Future Development _______________________________________________ Plans to Develop Office Project in CBD Nashville$252M Potential Total Highwoods Investment479,000 Square Feet on Newly Acquired 5.4-Acre Parcel_______________________________________________ RALEIGH, N.C., Feb. 06, 2018 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announced today it has acquired two development parcels totaling nine acres in the vibrant Gulch district in CBD Nashville, one of the city’s BBDs (Best Business Districts), for a combined purchase price of $50.3 million. Highwoods used 1031 exchange funds held in escrow from dispositions closed in 2017 to acquire the two parcels, which are currently zoned and entitled for an aggregate of 1.2 million square feet of future office development.  Mr. Fritsch stated, “Having consumed a meaningful portion of our land inventory over the Show less Read more
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