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Atlanta & Southeast  + Carolinas  + Office  | 
Highwoods Properties, Inc., has sold its FBI Tampa Field Office for $70.4 million.

Highwoods Sells Custom-Built FBI Tampa Field Office Building for $70M

Raleigh, NC-based Highwoods Properties, Inc., has sold its FBI Tampa Field Office, a 138,000-square-foot office building developed by Highwoods as a build-to-suit for the FBI in 2005 and renewed under a long-term lease in 2020, for $70.4 million.

The company has also sold an 8.9-acre non-core land parcel adjacent to its One Independence office building in Tampa’s Westshore BBD for $6.9 million to a developer who plans to construct apartment units.

The company in addition expects to close on the sale of its last remaining office buildings in Greensboro, NC, which total 299,000 square feet and are 88.2% occupied, in 2022 for $20.3 million.

“With these sales, we will have sold $464 million of non-core properties since we announced our acquisition of a portfolio of office properties from PAC in mid-2021 and remain on pace to return our balance sheet to pre-acquisition metrics by the middle of 2022,” said Ted Klinck, Highwoods president and CEO.


Inside The Story

Highwoods Properties, Inc.'s Klinck

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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