Highwoods Properties, Inc. (NYSE:HIW) has closed the acquisition of 6Hundred at Legacy Union, a 24-story, Class AA office tower located in Charlotte’s Uptown CBD, for a total expected investment of $223 million. The Company’s total investment includes $8.5 million of planned near-term building improvements and anticipated leasing capital expenditures to bring the property to stabilization and is net of $15.7 million of free rent and other rent-related credits received from the seller at closing.
6Hundred at Legacy Union, which delivered in 2025 and is currently 84% leased with a weighted average lease term of over 12 years, is a class AA office tower encompassing 411,000 square feet with a planned LEED gold certification and in-building parking that can accommodate 832 vehicles. 6Hundred is immediately adjacent and connected to Highwoods-owned Bank of America Tower at Legacy Union and SIX50 South Tryon at Legacy Union.
The Company plans to fund the acquisition of 6Hundred at Legacy Union on roughly a leverage-neutral basis over the next six months using the proceeds from non-core asset sales. Since October 1, 2025, the Company has sold $37 million of non-core assets.
