Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced that it has renewed a lease for 59,000 square feet at 370 Knollwood in Winston-Salem with Krispy Kreme Doughnuts (NYSE: KKD), an international retailer of premium-quality sweet treats, including its signature Original Glazed® doughnut.

Ed Fritsch, President and CEO of Highwoods stated, “We are pleased Krispy Kreme has chosen to renew and extend this commitment to Highwoods as their landlord and we thank them for this long-term renewal. We value our relationship with the Krispy Kreme team and look forward to serving them for many years to come. Also, congratulations to our team for their work in securing this renewal.”

“We are delighted to continue our relationship with Highwoods Properties, especially the fine management team at 370 Knollwood,” said Krispy Kreme Vice President of Domestic Real Estate, Michael LaRue. “Although Krispy Kreme has operations in several facilities across the Triad, we are especially proud to continue operating our Corporate Headquarters in the city of Winston-Salem, North Carolina.”

About Krispy Kreme

Krispy Kreme is an international retailer of premium-quality sweet treats, including its signature Original Glazed(R) doughnut. Headquartered in Winston-Salem, N.C., the company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme is proud of its Fundraising program, which for decades has helped non-profit organizations raise millions of dollars in needed funds. Today, Krispy Kreme can be found in approximately 560 locations around the world. Krispy Kreme Doughnuts, Inc. (NYSE: KKD) is listed on the New York Stock Exchange. Visit us at www.KrispyKreme.com.

About Highwoods Properties

Highwoods Properties, Inc., a member of the S&P MidCap 400 Index, is a fully integrated, self-administered real estate investment trust (“REIT”) that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. At December 31, 2009, the Company owned or had an interest in 377 in-service office, industrial and retail properties encompassing approximately 35.5 million square feet. Highwoods also owned 581 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Missouri, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. For more information about Highwoods Properties, please visit our Web site at www.highwoods.com.

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