ATLANTA-Highwoods Properties of Raleigh, NC states in its first quarter financial filing on Tuesday that it has sold 862,000 square feet of industrial properties, as well as 15 acres of industrial zoned land, in the Atlanta metro region for a total of $43.3 million.
The sales involve 11 industrial buildings that were 94% occupied at the time of sale, according to the Triangle Business Journal.
Ed Fritsch, president and CEO of Highwoods, says the company has been taking advantage of “heightened investor demand” for industrial properties.
“This year, we anticipate exiting the majority of our remaining Atlanta industrial assets, in sync with our goal of concentrating our resources in Atlanta on high-quality office assets,” he states in a company news release. See story in the Triangle Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
