Transition to be Effective September 1st

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RICHMOND, VIRGINIA, September 1, 2025 – Cushman & Wakefield | Thalhimer is pleased to announce that Highwoods Properties, Inc. (NYSE:HIW) has engaged Thalhimer to provide commercial leasing and property management services for its Richmond portfolio, effective September 1, 2025.

Highwoods owns or has an interest in 25 buildings comprising 2.2 million square feet in the Best Business Districts (BBDs) of Richmond. The majority of the office buildings are located within Innsbrook in the heart of West End Richmond. Highwoods also owns several properties at Stony Point, in Richmond’s southside submarket, and One Shockoe Plaza in CBD Richmond.

Cushman & Wakefield | Thalhimer is the region’s leading full-service commercial real estate provider with a property portfolio of more than 54 million leasable square feet, a commercial property management portfolio of more than 28 million square feet, and nearly 13,000 multifamily units under management. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion.

Kristie Inge, Highwoods’ Senior Director of Leasing, will transition to Thalhimer’s commercial brokerage team based in Richmond to handle leasing of the Highwoods’ portfolio. All of Highwoods’ current property management, construction, maintenance and administrative teammates in Richmond will join Thalhimer’s Commercial Property Services Group, which will exclusively manage the Highwoods’ office portfolio.

Eric Robison, President of Thalhimer, comments, “Over the years, Thalhimer and Highwoods have built a strong, respectful partnership grounded in shared values. We’re honored to be chosen to continue supporting Highwoods’ nearly 200 Richmond-based customers with the high-touch service they’ve come to rely on.”

Ted Klinck, President and CEO of Highwoods, stated, “We are thrilled to couple Thalhimer’s exceptional leasing and property management platform with our best-in-class Richmond portfolio and strong balance sheet. With improving in-office utilization, declining competitive supply and limited near-term expirations in Richmond, all combined with a resilient economy, we expect our new partnership with Thalhimer will help us drive occupancy and capture rent growth in the coming years.”

About Cushman & Wakefield | Thalhimer
Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs approximately 530 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 28 million square feet of commercial property, and nearly 13,000 multifamily units. In 2024, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.96 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield
Cushman & Wakefield (NYSE:CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

About Highwoods
Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW), fully-integrated office real estate investment trust (“REIT”) that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Dallas, Nashville, Orlando, Raleigh, Richmond and Tampa. Our vision is to be a leader in the evolution of commercial real estate for the benefit of our customers, our communities and those who invest with us. Our mission is to create environments and experiences that inspire our teammates and our customers to achieve more together. We are in the work-placemaking business and believe that by creating exceptional environments and experiences, we can deliver greater value to our customers, their teammates and, in turn, our shareholders. For more information about Highwoods, please visit our website at www.highwoods.com.

Forward-Looking Statements
Some of the information in this press release may contain forward-looking statements. Such statements include, in particular, statements about Highwoods’ plans, strategies and prospects such as the following: the expected financial and operational results and the related assumptions underlying Highwoods’ expected results; the planned sales of non-core assets and expected pricing and impact with respect to such sales, including the tax impact of such sales; the anticipated total investment, projected leasing activity, estimated replacement cost and expected net operating income of acquired properties and properties to be developed; and expected future leverage of Highwoods. You can identify forward-looking statements by use of forward-looking terminology such as “may,” “will,” “expect,” “anticipate,” “estimate,” “continue” or other similar words. Although Highwoods believes that its plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, no assurances can be provided that such plans, intentions or expectations will be achieved.

Factors that could cause actual results to differ materially from Highwoods’ current expectations include, among others, the following: the financial condition of customers could deteriorate; assumptions regarding potential losses related to customer financial difficulties could prove incorrect; counterparties under debt instruments, particularly Highwoods’ revolving credit facility, may attempt to avoid their obligations thereunder, which, if successful, would reduce Highwoods’ available liquidity; Highwoods may not be able to lease or re-lease second generation space, defined as previously occupied space that becomes available for lease, quickly or on as favorable terms as old leases; Highwoods may not be able to lease newly constructed buildings as quickly or on as favorable terms as originally anticipated; Highwoods may not be able to complete development, acquisition, reinvestment, disposition or joint venture projects as quickly or on as favorable terms as anticipated; development activity could result in an excessive supply relative to customer demand; Highwoods’ markets may suffer declines in economic and/or office employment growth; increases in interest rates could increase debt service costs; increases in operating expenses could negatively impact Highwoods’ operating results; natural disasters and climate change could have an adverse impact on cash flow and operating results; Highwoods may not be able to meet its liquidity requirements or obtain capital on favorable terms to fund its working capital needs and growth initiatives or repay or refinance outstanding debt upon maturity; and Highwoods could lose key executive officers.

This list of risks and uncertainties, however, is not intended to be exhaustive. You should also review the other cautionary statements Highwoods makes in “Risk Factors” set forth in its 2024 Annual Report on Form 10-K. Given these uncertainties, you should not place undue reliance on forward-looking statements. Highwoods undertakes no obligation to publicly release the results of any revisions to these forward-looking statements to reflect any future events or circumstances or to reflect the occurrence of unanticipated events.

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Written on September 1, 2025