Highwoods Properties Renews Lease With US Airways For 101,555 Square Feet
Posted on: Thursday, 15 March 2007, 18:00 CDT
Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has renewed a lease with US Airways (NYSE: LCC) for 101,555 square feet in the Triad. This lease, which was set to expire at the end of 2007, has been renewed for seven years beginning January 2008. US Airways has occupied 100 percent of this property since 1988 and uses the building as its primary reservation call center on the East coast. US Airways employs approximately 650 reservations and sales agents at the facility and is also planning a renovation of the workspace.
Brad Beakley, US Airways' Vice President, Reservations and Inventory Services said, "We're delighted to renew this lease and are looking forward to improving this facility for our employees."
Ed Fritsch, President and CEO of Highwoods stated, "We are pleased US Airways elected to renew their lease with us in this property. This lease expiration was one of the largest we were facing in 2008 and we congratulate our leasing team in the Triad for their hard work in securing this renewal."
About US Airways
US Airways is the fifth largest domestic airline employing more than 35,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The new US Airways -- the product of a merger between America West and US Airways in September 2005 -- is a member of the Star Alliance network, which offers our customers 16,000 daily flights to 855 destinations in 155 countries worldwide.
About Highwoods Properties
Highwoods Properties, Inc., a member of the S&P MidCap 400 Index, is a fully integrated, self-administered real estate investment trust ("REIT") that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. At December 31, 2006, the Company owned or had an interest in 392 in-service office, industrial and retail properties encompassing approximately 34.3 million square feet. Highwoods also owns 719 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Missouri, North Carolina, South Carolina, Tennessee and Virginia. For more information about Highwoods Properties, please visit our Web site at www.highwoods.com.
Source: Business Wire
Related Articles
- China Yida and Yongtai County Government Signs Agreement to Develop the Largest Leisure Tourism Destination in Fuzhou
- Ford Sells Atlanta Assembly Plant Property to Jacoby Development
- Contango Announces the Sale of Its Western Core Fayetteville Shale Properties for Approximately $200 Million; Retains Interests in Eastern Core Fayetteville Shale Properties
- Highwoods Properties Awarded 62,000-Square Foot Build-to-Suit Lease By Comcast Corporation in Memphis
- US Airways Selects TRIRIGA Software to Manage Property Leases
- US Airways Extends Maintenance Lease
- Republic Airways Announces the Lease of Three Embraer 170's From GECAS
- RADVISION Acquires Intellectual Property and Key Developer Assets of VisionNex of China
- Chief Broker at Carolinas' Largest Real-Estate Firm Has History of Service
 |
 |
User Comments (0)
RSS Feeds