Highwoods forms joint venture to build Tampa office tower

Highwoods Properties (NYSE:HIW) and Bromley Companies form a joint venture to build Midtown One, a 150,000-square-foot multi-customer office building located in the mixed-use Midtown Tampa project in Tampa, FL.

Highwoods owns an 80% interest in the joint venture.

Midtown One has an anticipated total investment of $72M.

Construction of Midtown One is projected to begin in Q4 2019 with a scheduled completion date in Q1 2021, and a pro forma stabilization date in Q4 2022.

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