ATLANTA, Dec. 17,
2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ)
announced today that it has completed its previously announced
acquisition of Sail Tower, an 804,000 square foot trophy lifestyle
office property in Austin, Texas,
for a net purchase price of $521.8
million.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and
self-managed real estate investment trust (REIT). The Company,
based in Atlanta, GA and acting
through its operating partnership, Cousins Properties LP, primarily
invests in Class A office buildings located in high growth Sun Belt
markets. Founded in 1958, Cousins creates shareholder value through
its extensive expertise in the development, acquisition, leasing,
and management of high-quality real estate assets. The Company has
a comprehensive strategy in place based on a simple platform,
trophy assets, and opportunistic investments. For more information,
please visit www.cousins.com.
CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com
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SOURCE Cousins Properties
