ATLANTA, GA- - Cousins Properties Incorporated (NYSE: CUZ) will form a joint venture with Horizon Group Properties Inc., (HGPI) (OTC:HGPI.PK) to pursue the planned development of The Outlet Shoppes at Oklahoma City, (bottom right site photo) a 341,400-square-foot outlet center in Oklahoma City.The center is planned for the intersection of Interstate 40 and Council Road and - based on the results of the h
oliday sellings eason and the continued interest of retailers - construction on the project would begin in spring of 2009 with a July 2010 opening.
oliday sellings eason and the continued interest of retailers - construction on the project would begin in spring of 2009 with a July 2010 opening.Horizon Group is overseeing development, management and leasing of theproject.
"We're excited to team up with Horizon to pursue thispromising development," said Larry Gellerstedt, (top right photo) Cousins' executivevice president and chief development officer.
"Outlet centers are agrowing se
gment of retail development and Oklahoma City is very wellpositioned to support this type of center."
gment of retail development and Oklahoma City is very wellpositioned to support this type of center."Based in Rosemont, Ill., Horizon Group Properties Inc. is anational owner and developer of factory outlet shopping centers and is the developer of a master-planned community in suburban Chicago.
HGPI's current portfolio consists of 1.6 million square feet of outlet shopping center space in 8 states and an additional 1.5 million square feet in development
CONTACTS:
CONTACTS:
Investment Community: Elli Kaplan, Vice President, 404 407 1972, ellikaplan@cousinsproperties.com
Media: Matt Gove, Senior Vice President, 404 407 1490, mattgove@cousinsproperties.com
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