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Highwoods to Develop U.S. Headquarters for Mars Petcare in Nashville Area

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: Marketwire
RALEIGH, NC -- (Marketwired) -- 02/28/17 -- Highwoods Properties, Inc. (NYSE: HIW) is pleased to announce Mars Petcare, one of the world's leading pet care providers, has selected Highwoods to develop its U.S. headquarters at Ovation in the Cool Springs district of Franklin, TN, one of Nashville's BBDs (Best Business Districts). Highwoods will develop 224,000 square feet in two connected LEED-Gold certified office buildings. The projected cost of this 100% pre-leased development project with structured parking is $96 million, including the value of Highwoods-owned land. Construction is scheduled to begin in the third quarter of 2017 with a second quarter 2019 targeted completion date. Ovation, encompassing 145 overall acres, will be a high-density, mixed-use development with 56 acres of perpetually-dedicated preserved green space. Highwoods is the owner and developer of the office portion of Ovation, which is planned for up to 1.4 million square feet. Thomas Land & Deve Show less Read more
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