Highwoods puts last asset in Greenville, SC, up for sale

04/14/2014 10:35 AM

04/14/2014 10:36 AM

Highwoods Properties announced Monday that it has signed a 210,000-square-foot renewal at its lone remaining asset in Greenville, S.C.

The Raleigh real estate investment trust has put the building on the market, and expects to have sold it by the end of the year.

In December, Highwoods sold eight office buildings in Greenville for $58.2 million. The buildings totaled 687,000 square feet and were 78 percent occupied.

The moves were part of Highwoods’ overall strategy of periodically pruning its portfolio of older assets, and exiting non-core markets such as Greenville.

Highwoods shares closed Monday at $37.65, up 24 cents. The stock is up 4 percent this year.

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