Highwoods Properties Awarded 112,000-SF Build-to-Suit For GSA

RALEIGH, N.C.- BUSINESS WIRE - January 14, 2004

Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has been awarded a 112,000-square foot build-to-suit contract with a 15-year lease term by the General Services Administration (GSA) to develop a field office for the Federal Bureau of Investigation in Tampa, Florida. The cost of the project is approximately $26.6 million and includes the purchase of approximately seven acres of land. Construction is expected to commence in the second quarter of 2004.

The building is the second build-to-suit project Highwoods has been awarded by the federal government in the last six months, the first being the 350,000-square foot office and storage facility in Atlanta for the National Archives and Records Administration (NARA). Sphere: Related Content