Highwoods Signs Pepsi Bottling Ventures To Long-Term Lease
Posted August 25, 2006 1:50 a.m. EDT
RALEIGH, N.C. — Highwoods Properties has landed Pepsi Bottling Ventures as a new tenant for its GlenLake Four office building under construction near Crabtree Valley Mall.
Pepsi signed a long-term lease for 28,000 square feet of space in the 158,000 square foot building. It is now 70 percent pre-leased. The building will be finished in September.
GlenLake One, the other building in the complex, is 100 percent leased.
"Given the building's vibrant level of pre-leasing activity, GlenLake One being 100 percent occupied, and significant interest from prospective customers in this outstanding location, we are analyzing the feasibility of commencing a third Class 'A' office building at GlenLake office park," said Ed Fritsch, chief executive officer of Highwoods.