Highwoods Properties plans to sell off PPG Place, other Pittsburgh assets as it expands into Dallas

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Highwoods Properties Inc. announced late Tuesday afternoon that it was investing in a major expansion into Dallas and expects to do so by selling off its assets in Pittsburgh.

Its local assets include two of downtown’s biggest office properties, the six-building PPG Place, which totals 1.5 million square feet and has long ranked as one of the Golden Triangle’s most prestigious office addresses, and EQT Plaza. Raleigh-based Highwoods also owns a site on Penn Avenue in East Liberty across from the Target store for which it has been approved to build a new six-story office building.

Read more in the Pittsburgh Business Times.

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