ATLANTA-Raleigh, NC-based Highwoods Properties Inc. is set to begin construction on Highwoods River Point, a $10.4-million, 200,000-sf industrial building. It will be the first building construction on a 110-acre site acquired by the company in May.

Highwoods has preleased 100,000 sf of the project to Beverage House Inc., a privately held manufacturer and distributor of tea. The project is expected to be completed in January 2009. Beverage House is expected to move into the space in February.

Highwoods River Point Business Park will accommodate eight buildings with approximately 1.3 million sf. Highwoods Properties Inc. vice president of Atlanta division Jim Bacchetta tells that, in addition to the start of construction on the first building, work on infrastructure for the entire park has also started.

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