Highwoods Properties Drops $99M On Pittsburgh's EQT Plaza

Law360, Philadelphia (December 5, 2012, 5:11 PM EST) -- North Carolina-based Highwoods Properties Inc. said Tuesday that it has reached a deal to acquire Pittsburgh’s 32-story EQT Plaza skyscraper for $99.2 million, including $8 million of planned improvements to the building.

The deal, which does not include a deed transfer, would see Highwoods acquire EQT Plaza’s holding company, Liberty Avenue Mezzanine LLC, which Highwoods officials said was jointly owned by a group of private investors.

This is the second landmark property transaction for Highwoods in Pittsburgh in the past 15 months. In September 2011, the...
To view the full article, register now.