Highwoods Properties launches new development

The 203K square foot building will be located in Highwoods' (HIW +0.5%) Seven Springs development in Nashville's Brentwood submarket. The building is 76% pre-leased to AIG's life insurance division.

Highwoods' investment is expected to be about $59M, which includes the value of the company's already-owned land. Construction will begin in Q4 and should be completed by the end of Q3 2016.

Artist's rendering of the new project

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