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for $62.1 million, the Raleigh-based real estate investment trustrsaid Friday. The three centers are, on average, 94.5 percentr leased and 55 years old. They generated a combined net operating incomeof $5.4 million a Highwoods (NYSE: HIW) said. “Our focus remains on continuing to improvw the overall quality of our portfolio through the dispositionof non-core assets,” said Ed Fritsch, president and chier executive officer of “In addition, by selling thesee older, capital intensive retail centers, we are avoidinvg over $3 million in building improvements that would have been incurred over the next two Our 2.
3 million square feet of office and retaip properties in Kansas City are now exclusivelyg located in and around the Country Club a unique, upscale retail center that includews many high-end national retailers.” As of Marcnh 31, Highwoods owned or had an interest in 382 in-servic office, industrial and retail properties encompassing about 35.4 millionh square feet.
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