Highwoods Properties, Inc. HIW has partnered with Brand Properties, LLC for the development of a 135,000-square-foot, multi-customer office building in one of Atlanta's Best Business Districts (BBD). Referred to as 2827 Peachtree, this development at Buckhead is 62% preleased to multiple customers, reflecting strong demand for the property. Its attractive location in Buckhead, on-site amenities and several restaurants within a short walk along with its boutique design are likely to have garnered solid interest among tenants, driven its preleasing activity and lured additional prospects. The joint venture, in which Highwoods owns a 50% interest, has anticipated a total investment of $79 million for this development. Its construction is projected to start in the first quarter of 2022 and is slated for completion in the third quarter of 2023. Further, its pro forma stabilization date is in the first quarter of 2025.