SOURCE: Highwoods Properties

Highwoods Properties

November 29, 2011 16:10 ET

Highwoods Properties Names Mark Mulhern to Board of Directors

Progress Energy Senior Vice President and Chief Financial Officer

RALEIGH, NC--(Marketwire - Nov 29, 2011) - Highwoods Properties, Inc. (NYSE: HIW) today announced that Mark F. Mulhern, (51), Senior Vice President and Chief Financial Officer of Progress Energy (NYSE: PGN), a Fortune 500 company with $10 billion in annual revenues, has been elected to join the Company's board of directors effective January 1, 2012.

O. Temple Sloan, Jr., Chairman of the Board of Highwoods Properties, said, "Mark's extensive financial background and experience with a capital intensive industry complements the skills and experience of an already strong board. We look forward to the contributions Mark will make to the Company's growth and long-term shareholder value."

Mulhern joined Progress Energy (formerly Carolina Power & Light) in 1996 and has served in a number of roles at the company, including President of Progress Ventures, the $4 billion unregulated subsidiary of Progress Energy, prior to assuming his current role in 2008. Before joining Progress Energy, Mulhern was the Chief Financial Officer at Hydra Co Enterprises. He also spent eight years at Price Waterhouse in Syracuse, serving a wide variety of manufacturing and service businesses.

Mulhern serves on the board of EXCO Resources, a Dallas Texas-based exploration and production company. He is a board member of the state organization of Habitat for Humanity - North Carolina. Mulhern is a 1982 graduate of St. Bonaventure University. He is a certified public accountant, a certified management accountant, and a certified internal auditor. He has completed the nuclear executive program at the Massachusetts Institute of Technology.

Including Mulhern, the Company's board is comprised of eight highly seasoned business and real estate professionals. Mulhern will serve on the Board's Audit Committee.

About Highwoods Properties
Highwoods Properties, headquartered in Raleigh, North Carolina, is a publicly traded (NYSE: HIW) real estate investment trust ("REIT") and a member of the S&P MidCap 400 Index. The Company is a fully integrated, self-administered REIT that provides leasing, management, development, construction and other customer-related services for its properties and for third parties. At September 30, 2011, Highwoods owned or had an interest in 337 in-service office, industrial and retail properties encompassing approximately 34.5 million square feet and owned 601 acres of development land. The Company's properties and development land are located in Florida, Georgia, Mississippi, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee and Virginia. For more information about Highwoods Properties, please visit our web site at