News
Atlanta Commercial Real Estate

Highwoods Completes Atlanta Industrial Exit

Highwoods finally said adios to Atlanta industrial. The company reported yesterday that it completed its exit of the Atlanta industrial market with the  sale of 1.7M SF in 16 industrial buildings (including 13 acres) for  $91.6M  to Crow Holdings. (Above are facilities in Peachtree Corners, whose previous sale we reported here.) "These industrial properties are, on average, 95% occupied and in 2013 were expected to generate net operating income of $5.7M," officials told investors. In all, Highwoods will  gain $37M from the sale. We first reported here that Highwoods planned to exit Atlanta industrial and instead focus on office. (Maybe they'll get back together to promote a greatest hits album.)

Continue reading this story with a free account

Log in or register
Related Topics: Crow Holdings
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines