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New CEO and COO Take Over as Highwoods Moves Into Market Transition Phase

Office REIT Enters Charlotte In First Phase of Market Rotation Plan, Completes $400 Million Bond Offering
Highwoods said it expects to close on the $436 million acquisition of Bank of America Tower at Legacy Union, shown at center in this artist's rendering, on November 14, to achieve its long-sought entry into the Charlotte office market. (CoStar)
Highwoods said it expects to close on the $436 million acquisition of Bank of America Tower at Legacy Union, shown at center in this artist's rendering, on November 14, to achieve its long-sought entry into the Charlotte office market. (CoStar)
By Sean Evaro
CoStar Research
November 6, 2019 | 5:51 P.M.

It was a busy third quarter for Highwoods Properties, a real estate investment trust based in Raleigh, North Carolina. In addition to previously announced transitions in the company's CEO and COO roles, the REIT is close to realizing its long-sought goal of entering the Charlotte, North Carolina office market, while preparing to sell all its property in the Greensboro, North Carolina and Memphis, Tennessee markets. It also completed a $400 million bond offering and kicked off its latest new office development in Nashville.

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