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Highwoods Properties,
Inc.
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.
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Posted In: NewsAsset Sales
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