We are seeing a number of build-to-suit opportunities, including projects for both the GSA and the private sector. While we can’t predict how many of these, if any, will come to fruition, our proven track record as a developer and our ability to undertake a project without financing contingencies, provide us with distinct competitive advantages.As stated in yesterday’s release, we placed one development project in service in the first quarter, Cool Springs IV in Nashville. Our $41.6 million wholly-owned development pipeline now consists of two projects; Triad Centre III, a 148,000 square foot office building in Memphis, and River Point IV, a 200,000 square foot industrial property in Atlanta. We are also developing a 171,000 square foot office building in a joint venture for the GSA in Charlotte.
Highwoods Properties, Inc. Q1 2010 Earnings Call Transcript
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