Highwoods Properties announced that leases totaling another 129,000 square feet have been signed at 23Springs, a Class AA development encompassing 626,000 square feet of multi-customer office and 16,000 square feet of retail in the heart of the dynamic Uptown Dallas BBD. The Company is developing 23Springs in a 50/50 joint venture with Granite Properties. The total anticipated investment for 23Springs is expected to be approximately $460M. Construction of 23Springs, which is now 53% pre-leased, began in the second quarter of 2022 with a scheduled completion date in the first quarter of 2025 and a pro forma stabilization date in the first quarter of 2028. 23Springs is designed with a commitment to sustainability and wellness and is pursuing LEED and Fitwel certifications.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HIW:
- Highwoods Provides Leasing Update
- Highwoods Properties sees FY24 FFO $3.46-$3.64, consensus $3.58
- Highwoods Properties reports Q4 FFO 99c, consensus 91c
- Highwoods Announces Availability of Fourth Quarter and Full Year 2023 Results
- Is HIW a Buy, Before Earnings?
Questions or Comments about the article? Write to editor@tipranks.com