Legacy Union

Highwoods Obtains $200M Secured Loan

Retrieved on: 
Tuesday, March 28, 2023
HIW, Growth, Legacy Union, Bank, Bank of America Tower, NYSE

RALEIGH, N.C., March 28, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces it has obtained a $200 million, 5-year secured loan provided by a life insurance company at a fixed rate of 5.69% secured by Bank of America Tower at Legacy Union in Uptown Charlotte.

Key Points: 
  • RALEIGH, N.C., March 28, 2023 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces it has obtained a $200 million, 5-year secured loan provided by a life insurance company at a fixed rate of 5.69% secured by Bank of America Tower at Legacy Union in Uptown Charlotte.
  • Ted Klinck, President and CEO of Highwoods, stated “We are very pleased with this loan execution, which will further fortify our already healthy balance sheet, enhance our liquidity and position Highwoods to take advantage of future growth opportunities.”
    The proceeds have been used to reduce amounts outstanding on the Company’s revolving credit facility and for general corporate purposes.

HONEYWELL'S CORPORATE HEADQUARTERS EARNS LEED® GOLD

Retrieved on: 
Tuesday, September 27, 2022
Carbon, Algorithm, ESG, Aircraft, Machine learning, IAQ, News, LEED, Gold, Industry, Maintenance, Environment, Certification, Legacy Union, CEO, Technology, Leadership, Goal, Solution, Nasdaq, Biophysical environment, Leadership in Energy and Environmental Design, Artificial intelligence, USGBC, Research, U.S. Green Building Council, Dimension stone, Management, Jet fuel, Renewable energy, Honeywell

The most widely used green building rating system worldwide, LEED is a globally recognized symbol of sustainability achievement and leadership.

Key Points: 
  • The most widely used green building rating system worldwide, LEED is a globally recognized symbol of sustainability achievement and leadership.
  • "We're honored to receive the LEED Gold certification from USGBC," said James O'Reilly, vice president of global corporate real estate, Honeywell.
  • "Given the extraordinary importance of climate protection and the central role buildings play in that effort, Honeywell is creating a path forward through their LEED certification."
  • Earning the LEED Gold certification will further help Honeywell realize its commitment , announced in April 2021, to achieve carbon neutrality in its operations and facilities by 2035.

Highwoods Closes $203 Million Acquisition of 650 South Tryon at Legacy Union in CBD Charlotte

Retrieved on: 
Wednesday, August 17, 2022
Climate change, Lists of disasters, LEED, Bank of America Tower, NYSE, GLOBE, Legacy Union, Annual report, Income, Public expenditure, COVID-19, Company, Acquisition, Trust, REIT, BBD, Heart, HIW, Property management, Risk management, Bank

RALEIGH, N.C., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of 650 South Tryon in the heart of Charlottes dynamic Uptown CBD submarket for a total investment of $203 million.

Key Points: 
  • RALEIGH, N.C., Aug. 17, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of 650 South Tryon in the heart of Charlottes dynamic Uptown CBD submarket for a total investment of $203 million.
  • 650 South Tryon, which delivered in late 2020 and is currently 79% leased, is a trophy, LEED gold-certified office building encompassing 367,000 square feet.
  • 650 South Tryon is immediately adjacent and connected to Highwoods-owned Bank of America Tower at Legacy Union.
  • You can identify forward-looking statements by our use of forward-looking terminology such as may, will, expect, anticipate, estimate, continue or other similar words.

Lincoln Harris Announces 600 South Tryon, Fourth Tower of Transformational Legacy Union Development in Uptown Charlotte

Retrieved on: 
Tuesday, July 12, 2022
Abram Lincoln Harris, Bank of America Tower, Biophysical environment, Multimedia, Goldman Sachs, Bank, Environmental design, Design, LinkedIn, Gilbane, Inc., Heart, Uptown Charlotte, GS, ESG, Real estate, Certification, Water, NYSE, Class, Partnership, Property management, Self storage, Mobile phone, Legacy Union, Uptown, Town square

CHARLOTTE, N.C., July 12, 2022 /PRNewswire/ -- Lincoln Harris, in partnership with the Real Estate business within Goldman Sachs Asset Management, unveiled plans today for 600 South Tryon, the fourth office building at the 10-acre Legacy Union mixed-use development in the heart of Uptown Charlotte.

Key Points: 
  • CHARLOTTE, N.C., July 12, 2022 /PRNewswire/ -- Lincoln Harris, in partnership with the Real Estate business within Goldman Sachs Asset Management, unveiled plans today for 600 South Tryon, the fourth office building at the 10-acre Legacy Union mixed-use development in the heart of Uptown Charlotte.
  • Plans unveiled for new 24-story office tower at Legacy Union in Uptown Charlotte.
  • "In just a few short years, Legacy Union has helped create a dynamic gateway for Uptown Charlotte," said Johno Harris, president of Charlotte-based Lincoln Harris.
  • Design is a distinctive feature of the Legacy Union development, and 600 South Tryon will be no exception.

Highwoods Announces Charlotte Market Expansion

Retrieved on: 
Monday, May 9, 2022
COVID-19, Trust, HIW, South Park, GAAP, GLOBE, Company, NYSE, BBD (song), Public expenditure, NOI, LEED, Climate change, Legacy Union, Annual report, Bank of America Tower, Lists of disasters, Uptown, Income, CEO, Heart, Growth, REIT, Acquisition, Self storage, Auction, Risk management, Bank

RALEIGH, N.C., May 09, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces two planned acquisitions that will further strengthen its Best Business District (“BBD”) presence and development prospects in the Charlotte market.

Key Points: 
  • RALEIGH, N.C., May 09, 2022 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) announces two planned acquisitions that will further strengthen its Best Business District (BBD) presence and development prospects in the Charlotte market.
  • The Company noted that under GAAP, such credits are recorded as a reduction in the investment cost rather than as rental income.
  • Ted Klinck, President and CEO, stated, Less than three years ago, we announced our plan to enter the dynamic Charlotte market, which had been at the top of our list for future market expansion.
  • Although Highwoods believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved.

LINCOLN HARRIS SELECTS HONEYWELL FORGE SAAS SOLUTION TO HELP LOWER COSTS AND IMPROVE OCCUPANT EXPERIENCE

Retrieved on: 
Wednesday, March 16, 2022
Abram Lincoln Harris, Technology, Aircraft, City, News, Workplace, Software as a service, Business performance management, Enterprise performance management, Industry, Legacy Union, Efficiency, Maintenance, LinkedIn, Property management, Honeywell

Lincoln Harris uses Honeywell Forge Predictive Maintenance at the sites to reduce operating costs and improve building resilience by analyzing and optimizing systems maintenance.

Key Points: 
  • Lincoln Harris uses Honeywell Forge Predictive Maintenance at the sites to reduce operating costs and improve building resilience by analyzing and optimizing systems maintenance.
  • "Honeywell Forge helps us to improve the occupant experience by better addressing maintenance issues while reducing costs and becoming more sustainable."
  • "Insights from Honeywell Forge continue to help Lincoln Harris better manage its buildings while enabling the company to deliver a quality occupant experience, help lower operational costs and address maintenance problems before they become costly issues."
  • Honeywell Forge is a purpose-built SaaS solution on a native edge-to-cloud, data-driven architecture designed to accelerate digital transformation of operations.

Highwoods Closes $436 Million Acquisition of Bank of America Tower at Legacy Union in CBD Charlotte

Retrieved on: 
Thursday, November 14, 2019
Finance, Money, Financial services, Legacy Union, Primary dealers, Libor, Bank of America, Leadership in Energy and Environmental Design

RALEIGH, N.C., Nov. 14, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of Bank of America Tower at Legacy Union in the heart of Charlottes dynamic Uptown CBD submarket for a total investment of $436 million.

Key Points: 
  • RALEIGH, N.C., Nov. 14, 2019 (GLOBE NEWSWIRE) -- Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of Bank of America Tower at Legacy Union in the heart of Charlottes dynamic Uptown CBD submarket for a total investment of $436 million.
  • Bank of America Tower at Legacy Union is a trophy, LEED gold-registered office building encompassing 841,000 square feet with structured parking that delivered this year.
  • Bank of America Tower at Legacy Union is currently 90% leased.
  • The Company funded the acquisition with available cash and borrowings under its unsecured revolving credit facility, which currently bears interest at LIBOR plus 100 basis points.