Highwoods Declares Quarterly Dividends

RALEIGH, N.C.--(Business Wire)--
Highwoods Properties (NYSE: HIW) Board of Directors today declared
a cash dividend of $0.425 per share of common stock for the quarter
ended September 30, 2008, which equates to an annual dividend of $1.70
per share, and is payable on December 8, 2008, to shareholders of
record as of November 17, 2008.

The Board also declared a cash dividend of $21.5625 per share of
Highwoods Properties Series A Cumulative Redeemable Preferred Stock.
The dividend is payable on December 1, 2008, which is the next
regularly scheduled dividend payment date, to shareholders of record
as of November 17, 2008.

The Board also declared a cash dividend of $0.50 per share of
Highwoods Properties Series B Cumulative Redeemable Preferred Stock.
The dividend is payable on December 15, 2008, which is the next
regularly scheduled dividend payment date, to shareholders of record
as of December 1, 2008.

About the Company

Highwoods Properties, Inc., a member of the S&P MidCap 400 Index,
is a fully integrated, self-administered real estate investment trust
("REIT") that provides leasing, management, development, construction
and other customer-related services for its properties and for third
parties. At June 30, 2008, the Company owned or had an interest in 384
in-service office, industrial and retail properties encompassing
approximately 35.0 million square feet. Highwoods also owned 610 acres
of development land. Highwoods is based in Raleigh, North Carolina,
and its properties and development land are located in Florida,
Georgia, Iowa, Kansas, Missouri, North Carolina, South Carolina,
Tennessee and Virginia. For more information about Highwoods
Properties, please visit our Web site at www.highwoods.com.

Highwoods Properties
Tabitha Zane, Vice President, Investor Relations,
919-431-1529

Copyright Business Wire 2008