Highwoods Sells Custom-Built FBI Tampa Field Office Building for $70M
Raleigh, NC-based Highwoods Properties, Inc., has sold its FBI Tampa Field Office, a 138,000-square-foot office building developed by Highwoods as a build-to-suit for the FBI in 2005 and renewed under a long-term lease in 2020, for $70.4 million.
The company has also sold an 8.9-acre non-core land parcel adjacent to its One Independence office building in Tampa’s Westshore BBD for $6.9 million to a developer who plans to construct apartment units.
The company in addition expects to close on the sale of its last remaining office buildings in Greensboro, NC, which total 299,000 square feet and are 88.2% occupied, in 2022 for $20.3 million.
“With these sales, we will have sold $464 million of non-core properties since we announced our acquisition of a portfolio of office properties from PAC in mid-2021 and remain on pace to return our balance sheet to pre-acquisition metrics by the middle of 2022,” said Ted Klinck, Highwoods president and CEO.
- ◦Sale/Acquisition