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| Charlotte, NC Uptown skyline |
ATLANTA-- Cousins Properties Incorporated (the
"Company") (NYSE: CUZ) today announced that it has commenced an
underwritten public offering of 18.0 million shares of its common stock.
The Company intends to use the net proceeds of the offering
to fund the purchase price of Fifth Third Center, a 698,000 square feet Class-A
office building located in the Uptown submarket of Charlotte, North Carolina.
Any remaining proceeds will be used for general corporate purposes, including
the acquisition and development of office properties, other opportunistic
investments and the repayment of debt.
J.P. Morgan will serve as the sole book-running manager for
the offering.
For a complete copy of the company’s news release, please
contact:
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director of Investor Relations and Corporate Communications
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