RALEIGH -- Highwoods Properties, Inc. (NYSE: HIW), the largest owner and operator of suburban office properties in the Southeast, today announced it has signed an 11-year lease for approximately 199,000 square feet at Highwoods Preserve in Tampa, Florida with Syniverse Technologies (NYSE:SVR), a global communications technology company founded in 1987 and currently headquartered in Tampa. Syniverse is leasing all of Building I and will begin occupying the space in November 2005.
Ed Fritsch, president and chief executive officer of Highwoods Properties stated, "We are pleased to welcome Syniverse Technologies to our Highwoods Preserve campus. They are a vibrant public company with a proven business model and a strong, national and international customer base. Syniverse conducted a thorough analysis of our campus and Building I and concluded that our product best fulfilled their distinctive space needs. The entire management team at Syniverse has been excellent to work with and I applaud the efforts of our leasing team who have done an outstanding job communicating the unique qualities of the Preserve."
"We have now re-leased or sold nearly 60% of the Highwoods Preserve campus within the past eight months and a number of companies are showing interest in the remaining space. All of these transactions demonstrate that Highwoods Preserve was a well conceived development project and is a strong draw for companies looking for a high quality, world-class facility."
"After an extensive search, the Highwoods Preserve campus proved to be the right location for our international headquarters," said Syniverse chief executive officer Ed Evans. "As a Class A property, this campus represents the high quality characteristics of our growing global company. Additionally, the state-of-the-art infrastructure available at Highwoods Preserve allows us to focus on our business model and continue to provide our worldwide customers with exceptional products and services."
About Syniverse
Syniverse is a leading provider of mission-critical technology services to wireless telecommunications companies worldwide. Syniverse solutions simplify technology complexities by integrating disparate carriers' systems and networks in order to provide seamless global voice and data communications to wireless subscribers. Carriers depend on Syniverse's integrated suite of services to solve their most complex technology challenges and to facilitate the rapid deployment of next generation wireless services. Syniverse provides services to over 300 telecommunication carriers in approximately 40 countries, including the 10 largest U.S. wireless carriers and six of the 10 largest international wireless carriers. Headquartered in Tampa, Fla., U.S.A., with offices in major cities throughout North America and in The Netherlands, Syniverse has a global sales force in London, Luxembourg, Rome, Beijing, Hong Kong, Rio de Janeiro and Belo Horizonte. For more information, visit http://www.syniverse.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. As of December 31, 2004, the Company owned or had an interest in 510 in-service office, industrial and retail properties encompassing approximately 40.8 million square feet. Highwoods also owns approximately 1,101 acres of development land. Highwoods is based in Raleigh, North Carolina, and its properties and development land are located in Florida, Georgia, Iowa, Kansas, Maryland, Missouri, North Carolina, South Carolina, Tennessee and Virginia. For more information about Highwoods Properties, please visit our Web site at www.highwoods.com.
