WEBSITE Highwoods Properties Investor Day May 12 Nashville - Flipbook - Page 52
BUILT FOR GROWTH
HIGHWOODTIZING: 5332 Avion (176,000 SF)
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•
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Build-to-suit for LSI delivered in 2016
LSI suddenly closed in 2019
Renovation completed 2019 – 2020
96% leased with stabilized NOI > prior stabilized NOI
Pro forma yield comparable to spec development
INVESTED CAPITAL
OCCUPANCY
100%
80%
$M
60
60%
45
40%
30
INVESTOR DAY | 2022
20%
0%
50%
0%
94%
100%
2018
2019
15
94%
96%
94%
0
Pro forma
Initial
Renovation
NOI
$M
6
4
2
0
LSI
Pro forma
Tampa
