{"id":1004066640,"date":"2013-02-04T08:02:14","date_gmt":"2013-02-04T16:02:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=99496"},"modified":"2022-12-08T01:29:41","modified_gmt":"2022-12-08T09:29:41","slug":"highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/","title":{"rendered":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/metrowest-commerce-center.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-99497\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/metrowest-commerce-center.jpg\" alt=\"\" width=\"236\" height=\"157\" \/><\/a>Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties\u2014Metrowest Commerce Center and Cambridge in Orlando\u2014encompass 134,000 square feet.<\/p>\n<p style=\"text-align: justify\">The two properties are reportedly 100 percent leased to a single entity and are expected to generate $1.3 million of cash net operating income in 2013. Highwoods will continue to serve as property manager of these assets in exchange for customary fees.<\/p>\n<p style=\"text-align: justify\">President and Chief Executive Officer of Highwoods Properties, Ed Fritsch, said, &#8220;The sale of these non-core assets, the majority of which is a single-story asset, is in sync with our ongoing work to continuously improve our portfolio. These assets were not strategic to our Orlando holdings, which consist primarily of Class A CBD properties.&#8221;<\/p>\n<p style=\"text-align: justify\">A 69,000-square-foot Publix Supermarket-anchored shopping center also recently traded in Orlando for a purchase price\u2014exclusive of closing costs\u2014of $11.6 million. Kite Realty Group Trust, a full-service, vertically integrated real estate investment trust, acquired the property.<\/p>\n<p style=\"text-align: justify\">The center is currently 99 percent leased and is located within close proximity to Waterford Lakes Village, another Kite Realty Group-owned property. The retail center draws from the solid trade area surrounding the University of Central Florida as well as the Eastwood, Stoneybrook, and Waterford Lakes master plan communities.<\/p>\n<p style=\"text-align: justify\">\u201cThis property is a well-positioned grocery-anchored center with strong credit. We will continue to selectively acquire well-located assets throughout the Midwest, Southeast, and Texas markets,\u201d said John A. Kite, the Company\u2019s chairman and CEO.<\/p>\n<p style=\"text-align: justify\">Image courtesy of Highwoods.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties&mdash;Metrowest Commerce Center and Cambridge in Orlando&mdash;encompass 134,000 square feet.<\/p>\n","protected":false},"author":39,"featured_media":1004506683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[1815,39399],"class_list":["post-1004066640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-orlando","tag-national","tag-orlando"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center\" \/>\n<meta property=\"og:description\" content=\"Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties&mdash;Metrowest Commerce Center and Cambridge in Orlando&mdash;encompass 134,000 square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-04T16:02:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T09:29:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center\",\"datePublished\":\"2013-02-04T16:02:14+00:00\",\"dateModified\":\"2022-12-08T09:29:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/\"},\"wordCount\":262,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/metrowest-commerce-center.jpg\",\"keywords\":[\"National\",\"Orlando\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/\",\"name\":\"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/metrowest-commerce-center.jpg\",\"datePublished\":\"2013-02-04T16:02:14+00:00\",\"dateModified\":\"2022-12-08T09:29:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/metrowest-commerce-center.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/metrowest-commerce-center.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\",\"name\":\"Amalia Otet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"caption\":\"Amalia Otet\"},\"description\":\"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.\",\"sameAs\":[\"Macchiato\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/amaliaotet\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/","og_locale":"en_US","og_type":"article","og_title":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center","og_description":"Raleigh-based Highwoods Properties, Inc. has sold two non-core assets in Orlando for $14.6 million in cash. The two office properties&mdash;Metrowest Commerce Center and Cambridge in Orlando&mdash;encompass 134,000 square feet.","og_url":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-02-04T16:02:14+00:00","article_modified_time":"2022-12-08T09:29:41+00:00","og_image":[{"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg?w=1024","width":1024,"height":1024,"type":"image\/jpeg"}],"author":"Amalia Otet","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/"},"author":{"name":"Amalia Otet","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73"},"headline":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center","datePublished":"2013-02-04T16:02:14+00:00","dateModified":"2022-12-08T09:29:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/"},"wordCount":262,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg","keywords":["National","Orlando"],"articleSection":["News","Orlando"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/","url":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/","name":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg","datePublished":"2013-02-04T16:02:14+00:00","dateModified":"2022-12-08T09:29:41+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/highwoods-sells-two-assets-for-14-6m-kite-realty-buys-publix-anchored-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Highwoods Sells Two Assets for $14.6M; Kite Realty Buys Publix-Anchored Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73","name":"Amalia Otet","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g","caption":"Amalia Otet"},"description":"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. Outside of work, Amalia strives to live beautifully - one green step at a time.","sameAs":["Macchiato"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/amaliaotet\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/metrowest-commerce-center.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004066640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004066640"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004066640\/revisions"}],"predecessor-version":[{"id":1004619720,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004066640\/revisions\/1004619720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004506683"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004066640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004066640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004066640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}