Wednesday, January 21, 2004

Highwoods Signs Build-to-Suit for New $26.6 Million FBI HQ in Tampa, FL

Tampa Bay Online - January 15, 2004

Highwoods Properties, a real estate investment trust based in Raleigh, N.C., has entered into a 15-year lease with the U.S. General Services Administration for the construction of a $26.6 million office complex for the FBI in Tampa, Florida. The 112,000-square-foot, four-story building will be constructed on 6 1/3 acres of land and includes a three-story parking deck. Construction is set to begin in April or May, and the building will take a year to 14 months to complete.

The FBI building is Highwoods' first local project for the federal government. In Atlanta, the company built a 100,800-square-foot building last year to lease to the Centers for Disease Control and Prevention, and it is building a 350,000-square-foot office that it will lease to the National Archives & Records Administration.

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