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HIW's $223M Bet on 6Hundred at Legacy Union: Time to Buy the Stock?
ZACKS· 2025-11-18 18:25
Key Takeaways HIW plans to acquire the 411,000-square-foot 6Hundred at Legacy Union in Charlotte's Uptown CBD.The $223M deal expands its Legacy Union campus to roughly 1.6M square feet of Class AA office.HIW expects up to $18.5M in stabilized NOI, with in-place rents more than 20% below market.Highwoods Properties (HIW) is setting the stage for growth with the planned acquisition of 6Hundred at Legacy Union, a newly delivered 411,000-square-foot Class AA office tower in Charlotte’s Uptown CBD that is about ...