Sunday, November 24, 2013

Cousins Properties Announces New Leases at Colorado Tower in Downtown Austin, TX


Rendering of planned Colorado Tower office development
Downtown Austin, TX
Larry Gellerstedt
AUSTIN, TX--Cousins Properties Incorporated (NYSE: CUZ) announced today that it has signed three leases, totaling 79,000 square feet, at Colorado Tower in Downtown Austin, TX.

The 373,000-square-foot, Class-A office development will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003.

Colorado Tower is projected to be delivered December 2014 and still has approximately 294,000 square feet available.

"We are excited to announce the addition of these high-quality tenants to Colorado Tower and are encouraged by the positive leasing momentum building since breaking ground in June," said Larry Gellerstedt, President and Chief Executive Officer of Cousins.

Additional information on these leases:

  • DuBois, Bryant & Campbell, LLP leased 24,342 square feet.
  • Scott, Douglas & McConnico, L.L.P. leased 40,011 square feet and was represented by Commercial Texas LLC.
  • Munsch Hardt Kopf & Harr, P.C. leased 14,768 square feet and was represented by CBRE, Inc.

Frost Bank Tower, Downtown Austin, TX
Cousins has played a prominent role in the Austin real estate market for over 20 years, with a list of notable projects including Frost Bank Tower, Palisades West, and its recent acquisition of 816 Congress.

Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. 

Based in Atlanta, the Company actively invests in office and retail projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space and 20 million square feet of retail space. 

Palisades West, Austin, TX
Cousins has built and maintained an industry-wide reputation for innovative and sustainable developments, premium management services and top quality leadership. 

The Company creates and maintains value in real estate assets for the benefit of shareholders, and partners.

Cousins Properties is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ.

For a complete copy of the company’s news release, please contact:

Cousins Properties Incorporated
Tim Hendricks, 512-477-3434
Senior Vice President


No comments: