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| Rachel Coulter |
AUSTIN, TX --Cousins Properties Incorporated (NYSE: CUZ) has
signed five new leases totaling 157,279 square feet at Colorado Tower in
downtown Austin, TX.
Leasing at the 373,000 square-foot, Class-A office
development is now 95 percent, up from 51 percent on June 30, 2014.
"The successful development and lease up of Colorado
Tower represents an important milestone for Cousins," said Larry
Gellerstedt, President and Chief Executive Officer of Cousins Properties.
"We broke ground in June 2013 17 percent pre-leased, and today we are 95
percent leased to a diverse roster of high-caliber companies, many who are new
to Austin."
Additional information on these leases:
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| Elysia Ragusa |
Parsley Energy, Inc. expanded by 61,264 square feet and now
leases a total of 135,107 square feet. They were represented by Will Douglas
and Nathan Lawrence with CBRE and Jim Bell with Studley.
Atlassian, Inc. expanded by 48,346 square feet and now
leases a total of 72,530 square feet. They were represented by Jake Ragusa
and Elysia Ragusa with JLL.
IPSoft, Inc. leased 24,184 square feet and was represented
by Chrissy Cornelius and Carl Condon with Avison Young.
Kelly Hart & Hallman LLP leased 14,180 square feet and
was represented by Burke Kennedy and Mike Kennedy with Avison
Young.
Invesco Management Group, Inc. leased 9,305 square feet and
was represented by Liz Tucker with JLL.
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| Liz Tucker |
Cousins was represented on all deals by Rachel Coulter
and Kevin Kimbrough with Oxford Commercial.
Projected to be delivered in December 2014, Colorado Tower
will be the first high-rise office tower developed in downtown Austin since
Cousins developed Frost Bank Tower in 2003.
Cousins has played a prominent role in the Austin real
estate market for over 20 years, with notable recent projects including the
development of Palisades West and the 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
Marli Quesinberry, 404-407-1898
Director, Investor Relations
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