Highwoods Properties Reports Robust Leasing Activity Update
Strong Leasing Activity at Highwoods Properties
Highwoods Properties, Inc. (NYSE:HIW) has recently revealed that its leasing activity remains robust, emphasizing a notable trend in the market as office users seek out premier buildings managed by well-capitalized landlords. Since the start of July, the company has entered into new leases encompassing a total of 738,000 square feet, of which over 400,000 square feet represent new agreements.
Key Lease Agreements Highlighted
Among the significant activities in this quarter is a long-term lease agreement for 104,000 square feet at Two Alliance Center located in Buckhead, Atlanta. This lease, which is expected to begin in 2026, is aimed at filling the space left vacant by a prior occupant who moved out in the third quarter. This strategic move is part of Highwoods’ overall plan to enhance its portfolio and cater to the evolving needs of its tenants.
Comments from Leadership
Ted Klinck, the President and Chief Executive Officer of Highwoods, expressed enthusiasm about the current leasing momentum. He noted, "Leasing activity continues to be strong across our portfolio. We've achieved 37% more new deals in 2024 compared to the entirety of 2023, showcasing our growing success." This positive trajectory is expected to serve the company well starting in mid-2025, indicating an optimistic outlook for future financial performance.
About Highwoods Properties
Highwoods Properties, Inc., based in Raleigh, is a publicly traded Real Estate Investment Trust (REIT) on the NYSE under the ticker symbol HIW. The company specializes in owning, developing, acquiring, leasing, and managing properties predominantly located in business districts across key cities. Highwoods is committed to creating effective work environments that enable businesses to thrive. This focus on placemaking helps build vibrant communities and contributes to the overall success of its stakeholders.
Company Initiatives and Future Expectations
The company’s commitment to quality and customer satisfaction positions it strongly in the competitive landscape. As businesses increasingly look for modern, well-located office spaces, Highwoods is prepared to meet this demand with proactive leasing strategies and sound financial management.
Contact Information
For inquiries, the company can be reached through Hannah True, the Manager of Finance and Corporate Strategy. You can contact her at hannah.true@highwoods.com or by calling 919-872-4924.
Frequently Asked Questions
What leasing activity has Highwoods reported recently?
Highwoods Properties reported signing 738,000 square feet of leases since July, with over 400,000 square feet being new leases.
What was a notable lease mentioned in the update?
A significant lease involves 104,000 square feet at Two Alliance Center in Atlanta, expected to start in 2026.
How has the leasing volume changed compared to last year?
Highwoods saw a 37% increase in new deals in 2024 compared to the entirety of 2023.
What is the main focus of Highwoods Properties?
Highwoods is focused on owning, developing, and managing properties in premier business districts to enhance work environments.
Who can be contacted for more information about Highwoods?
Hannah True, the Manager of Finance and Corporate Strategy, is the contact person for inquiries.
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