Highwoods Properties to acquire 6Hundred at Legacy Union business of Lincoln for $223m.

Highwoods Properties, a fully-integrated office real estate investment trust, agreed to acquire 6Hundred at Legacy Union business of Lincoln, a diversified real estate services company, for $223m. “We are excited to expand our presence at Legacy Union with the acquisition of 6Hundred. Our 1.6m square feet of commute-worthy office positions us to benefit from the strong demand we’re seeing as users gravitate to Legacy Union, which is ideally situated at the intersection of Charlotte’s Uptown and South End BBDs. With in-place rents more than 20% below market, we expect to deliver strong NOI and cash flow growth from our Legacy Union portfolio", Ted Klinck, Highwoods President and CEO.