Highwoods Concludes Acquisition of Legacy Union Parking Garage

Key Takeaways Highwoods acquired the Legacy Union Parking Garage in Uptown Charlotte for $111.5M.The 3,057-space facility supports 1.2M sq ft of Highwoods office properties at Legacy Union.The garage is projected to deliver $8M in cash and GAAP net operating income in its first four quarters. Highwoods Properties, Inc. (HIW) recently announced that it has completed the acquisition of Legacy Union Parking Garage for $111.5 million, including planned near-term building improvements.Located at 720 South Church ...