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Highwoods Properties extends selling season to fine-tune office portfolio

Sun Belt landlord offloads North Carolina property at steep discount to hone focus on higher-quality assets
The office building at 4800 Falls of Neuse Road in Raleigh, North Carolina, recently sold for well below its assessed value. (CoStar)
The office building at 4800 Falls of Neuse Road in Raleigh, North Carolina, recently sold for well below its assessed value. (CoStar)
CoStar News
December 3, 2024 | 11:19 P.M.

Highwoods Properties is moving full steam ahead on plans to upgrade its portfolio of office properties and weed out any that fall short of its top-tier ambitions — even if it means offloading them at a deeply discounted price.

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