Highwoods Properties, INC Research expand relationship

Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has expanded its relationship with INC Research^®, Inc., a therapeutically focused contract research organization that conducts global clinical development programs. INC Research, which currently has 58,000 square feet under a long-term lease at 4800 North Park, another Highwoods owned property in Raleigh, has signed a second long-term lease for an additional 60,000 square feet at Highwoods Tower II.

Ed Fritsch, President and CEO of Highwoods stated, "We are pleased INC Research has chosen to expand its relationship with Highwoods and relocate a significant piece of its operations into another one of our properties. We value our relationship with INC Research and their distinguished management team and look forward to serving them for many years to come. Also, congratulations to our Raleigh team for their hard work in strengthening our relationship with INC Research."

Jim Ogle, CEO of INC Research said, "We remain committed to the state of North Carolina as the location of our global headquarters and look forward to continued growth not only in Raleigh but across our worldwide footprint at a rate that is supported by our customers' requirements. We are pleased to have worked with the Highwoods team to find a property that effectively meets the business needs of our organization."