Thursday, May 23, 2013

Cousins Properties Breaks Ground on Austin, TX Office Tower





                                        Colorado Towers rendering, Downtown Austin, TX


Larry Gellerstedt
AUSTIN, TX -- Cousins Properties Incorporated (NYSE: CUZ) has commenced construction on Colorado Tower, a 371,000-square-foot, Class-A office development in Downtown Austin, Texas.

 The 29-story building, designed by Duda/Paine Architects, will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. The formal ground breaking ceremony is scheduled for June 4th.

“We have a long, successful history in Austin and are very excited about the prospects for Colorado Tower,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “This building – with its great location and best-in-class amenity package – is particularly well positioned to capitalize on the vibrant market in Austin’s central business district.”

Frost Bank Tower, Downtown Austin, TX
Located in the heart of Downtown Austin’s Warehouse District, Colorado Tower will offer a variety of amenities, including a top quality fitness facility and state-of-the-art conference center. 

The building is being developed under the Austin Energy Green Building 2 star program and will be substantially complete by December 2014.

Pre-leasing activity has been strong, with two high-profile companies – DuBois, Bryant & Campbell LLP and Scott, Douglass & McConnico LLP – officially committed to the building and several other prospective tenants in active discussions.

Palisades West, Austin, TX

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

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

Cousins Properties Incorporated
Tim Hendricks, 512-477-3434
Senior Vice President
or
Cameron Golden, 404-407-1984
Vice President, Investor Relations and Corporate Communications

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