Highwoods Properties announced Thursday that it will build a 75,000-square-foot office building for Biologics Inc. in its Weston development in Cary.
The Raleigh real estate investment trust plans to invest $14.9 million in the project. Biologics, a privately- held oncology services company, will occupy the entire building, which is being built on a 7-acre site that Highwoods owns.
Highwoods owns a total of eight office buildings in Weston that contain 745,000 square feet, 95 percent of which is occupied.
The company is also constructing a new $110 million headquarters for MetLife in Weston that will include two buildings and 427,000 square feet. Highwoods still has 94 acres of land available for development in Weston.
Staff writer David Bracken