Highwoods Pays Tishman $146M For Atlanta Office Tower

Law360, New York (September 21, 2012, 2:23 PM EDT) -- Highwoods Properties Inc. announced Friday that it has scooped a 29-story Atlanta office tower, which was owned by Tishman Speyer Properties LP, in a $146.7 million deal that will include improvements to the space.

The North Carolina-based real estate investment trust funded the $298-per-square-foot deal for Two Alliance Center with a mix of cash and credit, as well as some of the $77.5 million it raised in a recent common stock offering, the company said.

Additionally, the seller agreed to cover about $6.4 million worth of...
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