04:52 PM EDT, 04/04/2024 (MT Newswires) -- Highwoods Properties ( HIW ) said, late on Thursday, that it sold non-core properties in Raleigh for gross proceeds of $79.4 million.

The proceeds from the dispositions closed in Q1 totaled $16.9 million, with the remainder closing early in Q2.

The cash proceeds from the sales were used to reduce the company's debt and for general corporate purposes, the company said in a statement.