Highwoods to Begin $94M GlenLake III Development in Raleigh
Highwoods Properties, Inc., is set to begin construction of GlenLake III in Raleigh, NC. The multi-customer development will encompass 218,000 square feet, including 205,000 square feet of office space and 13,000 square feet of retail and restaurant space.
The company’s projected investment is $94.4 million, including the value of existing company-owned land. Construction is scheduled to begin in the fourth quarter of 2021, with targeted completion in the third quarter of 2023 and projected stabilization in the first quarter of 2026.
Highwoods has pre-leased 16% of the office portion to McKim & Creed, a national engineering and surveying firm based in Raleigh, for its corporate headquarters.
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 he makes the transition from an utterly failed racehorse to a lovely show hunter.