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for $62.1 million, the Raleigh-baserd real estate investment trustsaid Friday. The thre e centers are, on average, 94.5 percent leased and 55 years old. They generatr a combined net operating incomeeof $5.4 million a year, Highwoodxs (NYSE: HIW) said. “Our focusw remains on continuing to improve the overall quality of our portfolio through the dispositiomnof older, non-core assets,” said Ed president and chief executive officere of Highwoods. “In addition, by selling thes older, capital intensive retail centers, we are avoiding over $3 milliojn in building improvements that would have been incurredd over the nexttwo years.” Our 2.
3 million square feet of officre and retail properties in Kansas City are now exclusiveluy located in and around the Countryt Club Plaza, a unique, upscale retail center that includes many high-end nationapl retailers.” As of Marchb 31, Highwoods owned or had an interest in 382 in-serviced office, industrial and retai properties encompassing about 35.4 milliomn square feet.
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