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Highwoods buys two office buildings in Greensboro for $32.8 million

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Highwoods Properties announced Wednesday that it has acquired two office buildings in Greensboro for $32.8 million.

The buildings total 195,000 square feet of space in the city's Green Valley submarket.

The properties are 95.5 percent leased and are expected to generate net operating income of $3.1 million in 2013.

Highwoods has made a number of acquisitions over the past year and a half. Last month the Raleigh real estate investment trust acquired the 32-story EQT Plaza building in Pittsburgh for $99.2 million.

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About the blogger

Business reporter David Bracken came to the N&O in 2004. He covers commercial and residential real estate. Contact David at 919-829-4548 or e-mail him.
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