Highwoods Properties (NYSE:HIW), a publicly traded real estate investment trust based in Raleigh, NC, 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.