Highwoods Buys Pittsburgh's PPG Place for $214.1M

Date: 28 September 2011
Source: http://www.costar.com
Highwoods Properties (NYSE:HIW), a publicly traded real estate investment trust, has closed on the $214.1 million acquisition of PPG Place in Pittsburgh, PA.

The price tag includes $25.2 million of planned near-term improvements to the building ($17.1M) and future tenant improvements on existing leases ($8.1M), as well as the assumption of a $124.9 million secured load that matures in November 2017.

Read the full story: www.costar.com/News/Article/Highwoods-Buys-Pittsburghs-PPG-Place-for-$2141M/132192

600450 Highwoods Buys Pittsburgh's PPG Place for $214.1M glassonweb.com

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