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Conceptual Rendering
HIGHWOODS TO DEVELOP MARS PETCARE U.S. HEADQUARTERS NASHVILLE FEBRUARY 28, 2017
Certain matters discussed in this presentation are forward-looking statements within the meaning of the federal securities laws, such as the expected cost, timing and impact of our development activity. These statements are distinguished by use of the words "will", "expect", "intend" and words of similar meaning. Although Highwoods believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Factors that could cause actual results to differ materially from the Company’s current expectations include, among others, the following: development activity by our competitors in our existing markets could result in excessive supply of properties relative to customer demand; development, acquisition, reinvestment, disposition or joint venture projects may not be completed as quickly or on as favorable terms as anticipated; we may not be able to lease or re-lease second generation space quickly or on as favorable terms as old leases; our markets may suffer declines in economic growth; we may not be able to lease our newly constructed buildings as quickly or on as favorable terms as originally anticipated; unanticipated increases in interest rates could increase our debt service costs; unanticipated increases in operating expenses could negatively impact our NOI; we may not be able to meet our liquidity requirements or obtain capital on favorable terms to fund our working capital needs and growth initiatives or to repay or refinance outstanding debt upon maturity; the Company could lose key executive officers; and others detailed in the Company’s 2016 Annual Report on Form 10-K and subsequent SEC reports.
SAFE HARBOR
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SOBRO 1,033,633 SF
WEST END 466,301 SF
SEVEN SPRINGS 706,811 SF
MARYLAND FARMS 1,082,703 SF
VIRGINIA SPRINGS 14 Acres
COOL SPRINGS 936,799 SF
OVATION Mars Petcare U.S. HQ 224,000 SF
HIGHWOODS NASHVILLE PORTFOLIO
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WILLIAMSON COUNTY
SF includes 645,000 SF of underway development
7th FASTEST
GROWING COUNTY IN THE NATION
(OUT OF 3,007)
POPULATION
211,672
#1 LARGEST
JOB GROWTH IN THE U.S.
#1 FASTEST GROWING
COUNTY IN THE STATE OF TN
(OUT OF 95)
ABOUT WILLIAMSON COUNTY
AREA
584 mi2
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WILLIAMSON COUNTY
Sources: Tennessean, bizjournal.com
IMMEDIATE AREA COLUMBIA STATE
COMMUNITY COLLEGE
NATION’S TOP 150 COMMUNITY COLLEGES
85 ACRES
LIBERTY PARK
1 ACRE FREEDOM RUN
DOG PARK
LIFETIME ATHLETIC CENTER
120K SF
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ABOUT MARS PETCARE Part of the Mars Inc. Family mars.com
THE FIVE PRINCIPLES
Quality
Efficiency Responsibility
Mutuality Freedom
6 Source: Mars Petcare
ASSOCIATES
40,000+ Worldwide
#1 Pet food
manufacturer in the world
PURPOSE
A BETTER WORLD FOR PETS™
START
3Q17 DELIVER
2Q19
STRATEGIC INVESTMENT HIGHWOODS
INVESTMENT
$96M PRE-LEASED
100%
LAND
Highwoods Owned
PARKING
4.8/1,000 Structured
CURRENT HIGHWOODS CUSTOMER?
No
LONG-TERM LEASE
USE
U.S. HQ
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LEED GOLD CERTIFIED
Core and
Shell
224,000 SF
COOL SPRINGS
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COOL SPRINGS 5 Buildings 937,039 SF 98.8% Occupied
OVATION 145 Overall Acres
HIGHWOODS FRANKLIN/COOL SPRINGS PORTFOLIO
Conceptual Rendering
0.4 Miles OVATION MASTER PLAN 145 Overall Acres
Including 56 Acres Dedicated Green Space
OFFICE (by Highwoods)
66 Acres
Up to 1.4M SF
RETAIL/RESIDENTIAL/HOTEL (by others)
79 Acres
Up to 480,000 SF Retail
Up to 950 Residential Units
Up to 450 Hotel Rooms
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Conceptual Rendering
EAST END MASTER PLAN 12.5 Acres
Up to 500,000 SF Office
4.8/1,000 Parking
1.4 Acre Courtyard
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LOOKING EAST
Conceptual Rendering
12 Conceptual Rendering
LOOKING WEST
YIELD
8+% WEIGHTED AVERAGE
GAAP
DEVELOPMENT PIPELINE
PROJECTS
11 INVESTMENT
$645M
MARKETS
5 PRE-LEASED
73%
SQUARE FEET
2.1M
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Cash Rent Commencement