The Runnymede Corporation acquired Two Office Buildings in Richmond, Virginia from Highwoods Properties, Inc. for $20.8 million.
December 28, 2021
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The Runnymede Corporation acquired Two Office Buildings in Richmond, Virginia from Highwoods Properties, Inc. (NYSE:HIW) for $20.8 million on December 29, 2021. Highwoods Properties, Inc. sold 4421 and 4401 Waterfront Drive in the deal. In a related deal, an unknown buyer acquired Progress Center and an associated Development Parcel in Raleigh from Highwoods Properties, Inc. (NYSE:HIW) for $35 million on December 29, 2021. Eric Robison and Bo McKown of Thalhimer's Capital Markets Group represented the seller.
The Runnymede Corporation completed the acquisition of Two Office Buildings in Richmond, Virginia from Highwoods Properties, Inc. (NYSE:HIW) on December 29, 2021.
Highwoods Properties, Inc. is a real estate investment trust (REIT). The Company is a fully integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Its primary business is the operation, acquisition and development of office properties. The Company provides leasing, management, development, construction and other customer-related services for its properties and for third parties. The Company conducts its activities through Highwoods Realty Limited Partnership (the Operating Partnership). The Company owns an interest in approximately 28.4 million rentable square feet of in-service properties, 1.6 million rentable square feet of office properties under development and development land with approximately 5.2 million rentable square feet of potential office build-out.
HIGHWOODS PROPERTIES, INC. 
