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| 777 Main, Fort Worth, TX |
ATLANTA, GA --Cousins Properties Incorporated (NYSE: CUZ)
announced today that it has entered into a binding purchase and sale agreement,
with a non-refundable deposit, to sell 777 Main in Fort Worth, Texas.
The transaction is scheduled to close by year end, subject to customary closing
conditions.
777 Main is a 980,000 square foot, Class-A office tower
located in downtown Fort Worth and was 75% leased as of September 30, 2014.
Cousins purchased the asset in September 2013 as part of its Crescent Texas
acquisition, which included the 4,348,000 million square foot Greenway Plaza
office complex in Houston, Texas.
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| Greenway Plaza, Houston, TX |
Cousins Properties Incorporated is a fully integrated,
self-administered and self-managed real estate investment trust (REIT).
The
Company, based in Atlanta, GA, primarily invests in Class-A office assets
located in high growth Sunbelt markets, with a focus on Georgia, Texas and
North Carolina.
The Company has a comprehensive strategy in place based on a
simple platform, trophy assets and opportunistic investments.
For more
information, please visit www.cousinsproperties.com.
For a complete copy
of the company’s news release, please contact:
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director, Investor Relations
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