Member News
The Dixon Hughes Triad Business Index is produced by Dr. Donald Jud, professor emeritus at The University of North Carolina at Greensboro and research fellow in the Center for Business and Economic Research, in partnership with the index sponsor, Dixon Hughes PLLC. The DHTBI provides the most up-to-date snapshot of the economy of the Triad region of North Carolina.¹
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| Highwoods sells two Triad parks for $25M Highwoods Properties has sold off two office and industrial parks in the Triad that it considers "non-core assets" in its 36 million-square-foot portfolio. Raleigh-based Highwoods sold its Madison Park office park off West Hanes Mill Road in Winston-Salem for $12.9 million and Chimney Rock, an industrial park in Greensboro, for $12 million. According to an announcement from Highwoods, Madison Park consists of seven office buildings with 472,000 square feet of space. Buildings there average about 25 years old and are 51 percent occupied. The Chimney Rock portfolio in Greensboro near Piedmont Triad International Airport covers 836,000 square feet in six buildings. The average age of those buildings is also 25 years, and they are 58 percent occupied. In announcing the transactions, Highwoods did not identify the buyer on either property. Public records identify the buyer of the Madison Park property as KBR-LRC Madison Park LLC, a member-managed fund in Rye Brook, N.Y. |