Highwoods Properties Inc. has entered into two significant joint ventures as part of its strategic investment activity. The company has partnered with the North Carolina Investment Authority to acquire Bloc83, a 492,000 square foot mixed-use asset in Raleigh’s central business district. In a separate transaction, Highwoods has teamed up with Granite Properties to acquire The Terraces, a 173,000 square foot office building in the Preston Center business district of Dallas. Highwoods holds an 80% stake in The Terraces joint venture, while Granite Properties retains the remaining 20%. These partnerships are part of Highwoods’ plan to strengthen long-term growth and are expected to be immediately accretive to cash flows.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Highwoods Properties Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9623528) on January 12, 2026, and is solely responsible for the information contained therein.