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| Larry Gellerstedt |
ATLANTA, GA --Cousins Properties Incorporated (NYSE: CUZ)
announced it has signed a 68,315 square foot lease at Northpark Town Center in
Atlanta, GA with Veritiv Corporation (NYSE: VRTV), a $9.5 billion Fortune 500
company.
Veritiv is a North American leader in business-to-business
distribution solutions, serving customers across nearly every industry
providing packaging, facility, publishing and print management solutions.
The company is establishing its executive offices, including
company leadership and other key corporate functions, at Northpark Town Center.
With the addition of Veritiv, Northpark Town Center is now
91% leased, up from 87% at the time Cousins acquired the Class-A office complex
in October 2014. Veritiv plans to take occupancy in the spring of 2015.
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| Mary A. Lashinger |
"Veritiv is a wonderful addition to our strong customer
base at Northpark, which is now home to 19 Fortune 500 companies," said Larry
Gellerstedt, president and chief executive officer of Cousins.
"Veritiv's desire to be centrally located with close
proximity to MARTA validates Northpark's competitive advantage in the Central
Perimeter submarket of Atlanta."
"We are pleased to bring our executive offices to the
Perimeter Center area of Atlanta and Northpark Town Center,” said Mary
Laschinger, Chairman of the Board and Chief Executive Offer of Veritiv.
“The
location will allow us to plan for growth as needed and allows our employees a
location with access to MARTA and key transportation hubs."
Veritiv was represented in the lease negotiations by CBRE's Sam
Holmes, John Shlesinger and Ellen Stern.
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| Ellen Stern |
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.
Veritiv Corporation (NYSE: VRTV), with executive offices in
Atlanta, is a North American leader in business-to-business distribution
solutions.
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| Sam Holmes |
Serving customers across virtually every industry, Veritiv provides
print, packaging, facility and logistics solutions that help shape the success
of its customers.
Established in 2014, following the merger of International
Paper Company's xpedx division and Unisource Worldwide, the company employs
approximately 9,500 team members across more than 170 distribution centers
throughout the U.S., Mexico and Canada.
For more information about Veritiv and its business segments
visit www.veritiv.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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