Highwoods Properties, Inc. (HIW), a real estate investment trust (REIT), has recently extended its long-term association with INC Research, a therapeutically focused contract research organization, by signing a second leasing agreement for 60,000 square feet of space at Highwoods Tower II in Raleigh, North Carolina.
 
With the new lease, INC Research intends to shift its corporate headquarters to Highwoods Tower II. Although the terms and conditions were kept undisclosed, the deal signifies mutually beneficial relationship for both the companies. INC Research had earlier signed a long-term leasing agreement with Highwoods for 58,000 square feet of space at 4800 North Park building in Raleigh.
 
INC Research conducts global clinical development programs that are widely recognized as the best in its category. Almost all the major pharmaceutical and biotechnology companies across the globe rely on INC Research for a complete range of customized Phase I through Phase IV programs in therapeutic areas of specialty, and in innovative pediatric and women’s health trials.
 
Highwoods has interests in office, industrial, retail, and service center properties, including development projects and apartment units. It also provides customer-related and fee-based real estate management services for its properties and for third-party clients.
 
As of Mar 31, 2010, Highwoods had interests in 378 in-service office, industrial holdings and retail properties, spanning across 35.7 million square feet of gross leasable space. In addition, it also owned 581 acres of developable land.
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