Highwoods Properties, Inc. and Brand Properties, LLC have formed a joint venture to construct 2827 Peachtree, a 135,000 square foot, multi-customer office building in Buckhead, one of Atlanta's Best Business Districts (BBD). 2827 Peachtree, which is 62% pre-leased to multiple customers, has an anticipated total investment of $79 million. Highwoods owns a 50% interest in the joint venture.

2827 Peachtree has achieved meaningful pre-leasing from multiple customers and is attracting healthy interest from additional prospects due to its on-site amenities and several restaurants within a short walk, as well as its boutique design and attractive location in Buckhead. Construction of 2827 Peachtree is projected to begin in the first quarter of 2022 with a scheduled completion date in the third quarter of 2023, and a pro forma stabilization date in the first quarter of 2025. With the addition of 2827 Peachtree, Highwoods development pipeline has grown to $283 million comprising of 615,000 square feet that is 49% pre-leased.