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Stocks•12 May 2026•

1 min read

Highwoods Sells Bridgestone Tower in Nashville for $255M

Key Facts

1Highwoods Properties sold the Bridgestone Tower office building in Nashville for $255 million.

2The tower spans 513,000 square feet and is 100% leased.

3The property is projected to generate approximately $17 million of annual net operating income in 2026.

Highwoods Properties has completed the sale of the Bridgestone Tower office building in Nashville's central business district for a total consideration of $255 million. The premier asset spans 513,000 square feet and maintains a 100% occupancy rate. The property is projected to generate approximately $17 million in annual net operating income by 2026.

This divestment occurs as major office REITs, including peers like Cousins Properties and SL Green, focus on portfolio optimization. Per market data, the transaction underscores resilient demand for high-quality, fully leased office assets despite broader macroeconomic headwinds. Such strategic sales are increasingly utilized by real estate firms to strengthen balance sheets and recycle capital into higher-growth opportunities.

The stock price for HIW stood at $32.45 at close 2026-05-12. Investors are now looking toward how the company redeploys this liquidity in its upcoming development pipeline. Key catalysts to watch include broader housing and credit trends, noting that the MBA 30-Year Mortgage Rate reached 6.45% as of May 6, 2026, which continues to influence financing dynamics across the sector.