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for $62.1 million, the Raleigh-based real estate investment trust said The threecenters are, on average, 94.5 percent leasedf and 55 years old. They generatre a combined net operating incomeof $5.4 millionm a year, Highwoods (NYSE: HIW) “Our focus remains on continuing to improve the overall qualitg of our portfolio through the disposition of older, non-core assets,” said Ed president and chief executive officer of Highwoods. “Ib addition, by selling these capital intensiveretail centers, we are avoidinf over $3 million in building improvements that woulde have been incurred over the next two Our 2.
3 million square feet of office and retaikl properties in Kansas City are now exclusivelt located in and around the Country Club a unique, upscale retail center that includes many high-end nationalk retailers.” As of March 31, Highwoods ownes or had an interest in 382 in-service industrial and retail properties encompassing about 35.4 million square
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