Highwoods Properties (NYSE: HIW
) will build a 75,000-square-foot office building in Cary, NC's Weston PUD for Biologics, a privately-held oncology services company.
The three-story, Class A office complex will be constructed on seven acres of land owned by Highwood. The company will invest $14.9 million into the 100% pre-leased development project, which it expects to complete in Q2 2015.
In addition to the Biologics development, Highwoods is currently building MetLife's estimated $110 million, 100% pre-leased Global Technology & Operations Hub in Weston. In all, the company owns eight buildings totaling 745,000 square feet in the Weston area.