Raleigh North Carolina Real Estate Investment Trust adds Orlando Office Building

Highwoods Properties has acquired a class A office building, Eolo Park Center in downtown Orlando, for about $40 million. The transaction gives Highwoods (NYSE: HIW) ownership of or an interest in 1.4 million square feet of office properties in downtown Orlando. The investment trust also purchased 0.8 acres of land next to Eola Park Centre for $2 million in a separate transaction. The land can hold as much 224,000 square feet of office space.