Market Overview

Highwood Properties to Sell Non-Core Assets for $14.6M in Cash

Related HIW
Highwoods Properties Upgraded At Morgan Stanley
12 Oppenheimer Analysts Just Picked Their Favorite Stocks

Highwoods Properties, Inc. (NYSE: HIW) today announced that it has sold Metrowest Commerce Center and Cambridge in Orlando for $14.6 million in cash. These two office properties encompass 134,000 square feet, are 100% leased to a single customer and are expected to generate $1.3 million of cash net operating income in 2013. Highwoods will continue to serve as property manager of these assets in exchange for customary fees.

Posted-In: News Asset Sales


Related Articles (HIW)

Around the Web, We're Loving...