Tuesday, December 30, 2014

Cousins Properties Announces Closing of Texas Office Tower 777 Main Sale in Downtown Fort Worth, TX for $167 million

ATLANTA, GA, Dec. 30, 2014 -- Cousins Properties Incorporated (NYSE: CUZ) announced today that it has completed the sale of 777 Main, its 980,000 square foot, Class A office tower in downtown Fort Worth, Texas, for a gross price of $167 million.

Cousins purchased 777 Main for $160 million in September 2013 as part of its Crescent Texas acquisition, which included the 4,348,000 million square foot Greenway Plaza office complex in Houston, Texas.

Cousins Properties Incorporated is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA, primarily invests in Class-A office assets located in high growth Sunbelt markets, with a focus on Georgia, Texas and North Carolina.

The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousinsproperties.com.

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

Marli Quesinberry, 404-407-1898
Director, Investor Relations

Marcus & Millichap Names Adam Lewis Regional Manager of Portland, OR Office

Adam Lewis
PORTLAND, OR, Dec. 30, 2014 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it has promoted Adam Lewis to regional manager of the Portland office, according to John J. Kerin, president and chief executive officer.

            “Adam’s commercial real estate knowledge and exceptional track record as a sales manager make him a strong asset for our clients,” says Kerin. “As a regional manager, he will continue to expand the office and provide leadership and support to our investment professionals.”

            Lewis joined the firm in July 2008 as an agent in the Salt Lake City office and received the firm’s Pace Setter award that year. The following year, he was named Rookie of the Year in the Salt Lake City office.

John J. Kerin

 Lewis specialized in arranging office and industrial property acquisitions and dispositions in Utah’s Wasatch Front region. In July 2013, Lewis joined the management team as sales manager of the firm’s Salt Lake City office. 

He relocated to the firm’s Portland office in October 2013 to become the sales manager there.

            Lewis received a Bachelor of Science degree in business management from Brigham Young University.

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

Gina Relva
Public Relations Manager
(925) 953-1716

Newcastle Partners Ends 2014 With More Than 4 Million Square Feet of Industrial and Office Property Activity

San Francisco Bay
 SAN FRANCISCO, CA – Newcastle Partners, a San Francisco-based real estate investment and development company, completed an aggressive amount of activity in 2014.

By year-end the firm will have acquired, developed or sold 3.9 million square feet of industrial and office property throughout Southern California, San Francisco Bay Area, and Portland. This activity is more than double the firm’s 2013 activity.

"What’s been exciting about the breadth of our activity this year is that we’ve been aggressively building and buying in two of the most economically active markets in the country,” said Dennis Higgs, Founder and Managing Partner with Newcastle Partners.

“The white-hot, tech-based office markets of the San Francisco Bay Area and Pacific Northwest; as well as the equally hot industrial markets of the Los Angeles Basin and the Inland Empire."

Higgs also added that the firm has been prudently selling in each market as circumstances dictate, noting: “You take what the market gives you."

According to Higgs the firm has goals of acquiring between $200 million and $250 million in office and industrial property in 2015 as well as developing 2.5 to 3 million square feet of industrial property in both the Inland Empire and the Bay Area.
For a complete copy of the company’s news release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

Lincoln Wins Leasing Assignment from Equity Office for Office Buildings Totaling 1.17 Million Square Feet in Northeast Metro Atlanta

Matt Davis

ATLANTA, GA – Lincoln Property Company Southeast (Lincoln) has won a leasing assignment from Equity Office for office properties totaling 1.17 million square feet in the Northeast submarket of metro Atlanta. Lincoln already had the management assignment for the 14 properties.

Matt Davis, Hunter Henritze and Michael Howell, all vice presidents of office leasing for Lincoln, will oversee the leasing of the properties.

“We are honored to have been selected to handle the leasing of this fantastic office portfolio,” said Tony Bartlett, senior vice president at Lincoln who oversees the Atlanta office.

“We have enjoyed a long and successful partnership with Equity in the metro area, and with the office market continuing to heat up, and with the deep market knowledge and considerable experience of Hunter, Matt and Michael, we believe we’ll have great success leasing these properties.”

Tony Bartlett
The buildings in the portfolio include:

·      Crestwood Park I and II, located in Duluth, totaling 213,665 square feet.
·      Huntcrest I – IV, located in Lawrenceville, totaling 393,347 square feet.
·      Sugarloaf I – VII, located in Duluth, totaling 478,835 square feet.
·      2850 Premiere Parkway, located in Duluth, totaling 86,000 square feet.

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

Stephen Ursery
The Wilbert Group