Highwoods Properties, Inc. Sells Office Assets In Richmond, Virginia And Memphis For $119.7M

The office property located at 8720 Stony Point Parkway in Richmond, Virginia, and 6075 Poplar Avenue in Memphis has been sold. The seller, Highwoods Properties, Inc., was represented by Ted Klinck. The transaction took place on September 4, 2021.

Summary of transaction details:

• Property Type: Office
• Sale Price: $119,700,000
• Square Footage: 443,000
• Price per Square Foot: $270
• Market: Richmond, Virginia & Memphis

Ted Klinck of Highwoods Properties, Inc. facilitated the sale of the office property. The transaction amount was $119,700,000, with a total area of 443,000 square feet. The property is situated in both Richmond, Virginia, and Memphis. The sale price per square foot was $270.