Highwoods Properties to build Triad Centre III in Memphis

Highwoods Properties Inc., the largest owner and operator of suburban office properties in the Southeast, recently announced that it will begin development of Triad Centre III, a $29.2 million, 148,000-sq-ft, seven-story, multi-tenant Class A office building with structured parking on Poplar Avenue in Memphis.

This building has been designed to be LEED certified and will be one of the first LEED-certified office buildings constructed in Memphis. Triad Centre III is being built on the surface parking area adjacent to two of the company’s buildings on Poplar Avenue, which encompass 243,000 sq ft and are 93 percent occupied. It is scheduled to be completed in fall 2009.