Business
Highwoods Announces Investment Activity
_____________________________________ Acquires Bloc83 in CBD Raleigh in Joint Venture with the North Carolina Investment Authority$21.0M Total Investment (at HIW 10% Share)492,000 Square Feet, 97% Leased_____________________________________ Acquires The Terraces in Preston Center BBD in Dallas in Joint Venture with Granite Properties$87.4M Total Investment (at HIW 80% Share)173,000 Square Feet, 98% Leased_____________________________________ Acquisitions to be Funded Primarily ThroughSales of No
About this update from Highwoods Properties, Inc.
[{"type":"image","alt":"Highwoods Properties, Inc.","displaySize":"","headline":null,"caption":"Highwoods Properties, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":51,"url":"https://media.zenfs.com/en/globenewswire.com/f1a7f1f22948f83dfb5d36dbc44d07b7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8fX7OvT0UFl0yDH_CFDAbg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTcxO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/f1a7f1f22948f83dfb5d36dbc44d07b7","width":300,"height":51}},"lazy":false},{"type":"text","content":"_____________________________________","length":37,"tagName":"p"},{"type":"text","content":"Acquires Bloc83 in CBD Raleigh in Joint Venture with the North Carolina Investment Authority$21.0M Total Investment (at HIW 10% Share)492,000 Square Feet, 97% Leased_____________________________________","length":206,"tagName":"p"},{"type":"text","content":"Acquires The Terraces in Preston Center BBD in Dallas in Joint Venture with Granite Properties$87.4M Total Investment (at HIW 80% Share)173,000 Square Feet, 98% Leased_____________________________________","length":208,"tagName":"p"},{"type":"text","content":" Acquisitions to be Funded Primarily ThroughSales of Non-Core AssetsExpect Leverage-Neutral Rotation of Capital by Mid-2026_________________________________________","length":166,"tagName":"p"},{"type":"text","content":"Plan Expected to Strengthen Long-Term Growth Trajectory Immediately Accretive to Cash FlowsNeutral to Current FFO Run Rate; Accretive over Long-Term_________________________________________","length":197,"tagName":"p"},{"type":"text","content":"RALEIGH, N.C., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has acquired Bloc83, a two-building, 492,000 square foot mixed-use asset in CBD Raleigh, in a joint venture with the North Carolina Investment Authority and The Terraces, a 173,000 square foot office building in the Preston Center BBD of Dallas, in a joint venture with Granite Properties.","length":376,"tagName":"p"},{"type":"text","content":"Ted Klinck, President and CEO, stated, “We are excited to expand our presence in Dallas and Raleigh with the addition of two best-in-class properties at attractive risk-adjusted yields with good long-term growth potential. The acquisition of The Terraces deepens our relationship with our partner in Dallas, Granite,...