Highwoods Agrees to Buy AA Property to Expand Footprint in Raleigh
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Highwoods Properties, Inc. has agreed to acquire the Advance Auto Parts Tower, a 20-story office building in Raleigh's North Hills Best Business District. This acquisition is part of Highwoods' strategy to expand its footprint in the area.
March 04, 2025 | 3:45 pm
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Highwoods Properties, Inc. is acquiring the Advance Auto Parts Tower in Raleigh, which will expand its presence in the North Hills Best Business District.
The acquisition of a significant property in a prime business district is likely to enhance Highwoods' portfolio and market presence, potentially leading to positive investor sentiment and a short-term increase in stock price.
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