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| Rendering of planned Colorado Tower office development Downtown Austin, TX |
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| 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.
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| 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.
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| 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
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