An unknown buyer acquired Two Point Roya in Alpharetta, GA from Highwoods Properties, Inc..
January 03, 2019
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An unknown buyer acquired Two Point Roya in Alpharetta, GA from Highwoods Properties, Inc. (NYSE:HIW) subsequent to October 23, 2018. In a related transaction, an unknown buyer acquired Highwoods Preserve I from Highwoods Properties, Inc. The combined proceeds for both deals was $54.5 million.
An unknown buyer completed the acquisition of Two Point Roya in Alpharetta, GA from Highwoods Properties, Inc. (NYSE:HIW) subsequent to October 23, 2018.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.