Highwoods Properties, Inc. (NYSE:HIW) has sold Bridgestone Tower, a 513,000 square foot office tower in CBD Nashville, for $255 million. This property is 100% leased and is projected to generate approximately $17 million of annual cash and GAAP net operating income in 2026.

The Company expects to record a non-FFO gain of approximately $75 million in the second quarter of 2026 in connection with this sale.

 

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