Highwoods Properties Invests $1B in Legacy Union

Highwoods Properties, a Raleigh-based real estate firm, is making a significant investment in uptown Charlottes Legacy Union development. They recently purchased the Legacy Union Six Hundred building for $230 million, bringing their total investment in the area close to $1 billion. This acquisition is part of their plan to invest an additional $8.5 million in improvements for the building. Highwoods has already acquired four properties in Legacy Union since 2019, with the only tower they dont own being the Honeywell headquarters. This investment stands out against the backdrop of other recent office building sales in Charlotte, where properties are selling for considerably less than their previous purchase prices or appraised values. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.