Tuesday, September 9, 2014

Cousins Properties Announces Colorado Tower 95% Leased in Downtown Austin, TX

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:

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.

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
Marli Quesinberry, 404-407-1898
Director, Investor Relations

EverBank Center Sold in Downtown Jacksonville, FL

EverBank Center, 301 West Bay Street
Downtown Jacksonville, FL
MIAMI BEACH, FL — The EverBank Center in Downtown Jacksonville was sold in an off market, all cash transaction with a 14 day closing period to a foreign group.

 EverBank Center is the third tallest and the largest building in Jacksonville with 30-story 956,201 square feet of leasable space.  Built and designed by BellSouth Telecommunication in 1983, the tower located at 301 W. Bay St. on the Northbank and takes up an entire city block. 

Sean Shahar A. Ziv from the GLT group LLC was the broker on record. GLT Group LLC is a brokerage, advisory and investment firm managed by Sean Shahar A. Ziv and Ran Ziv.

For a complete copy of the company’s news release, please contact:

Ran Ziv
940 Lincoln Road
Suite 302
Miami Beach, FL 33139 USA
License CA 01918311
License FL SL3278866

The St. Regis Chengdu Debuts in the Heart of Sichuan’s Innovation and Cultural Capital

St. Regis Chengdu, Chengdu, China
Chengdu, China –– St. Regis® Hotels & Resorts, part of Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT), announces the highly anticipated grand opening of The St. Regis Chengdu.

Debuting exactly 110 years after the first St. Regis hotel in New York City opened its doors in 1904,

The St. Regis Chengdu continues the legacy of the luxury brand thoughtfully built for a new generation of global travelers.  With this opening, St. Regis reaches 33 hotels around the world.

 “The St. Regis Chengdu marks a significant milestone for the brand with plans to double the St. Regis portfolio in Greater China in the next five years,” said Paul James, Global Brand Leader, St. Regis, The Luxury Collection and W Hotels Worldwide.

Paul James
 “As the world descends on Chengdu for both business and leisure, the St. Regis is poised to become the social center of this exhilarating city.”

As the capital of Sichuan province in Southwest China, Chengdu has evolved from an ancient city with rich cultural traditions to one known around the world as ‘the Silicon Valley of China’ - a vital hub for world commerce and home to more than 252 Fortune 500 companies.

 The St. Regis Chengdu, ideally located at the intersection of Chengdu’s business and luxury retail districts, and steps away from Tianfu Square and Chun Xi Road, creates a home for today’s entrepreneurial traveler with 279 luxuriously appointed guestrooms and suites artfully designed to blend the residential Art Deco style of the 1920s with traditional elements of Sichuan culture and discreet state-of-the-art technology. 

For a complete copy of the company’s news release, please contact:

Hwee Peng Yeo
Vice President, Asia Markets
Glodow Nead Communications
San Francisco • New York • Singapore • Shanghai
Level 21, Centennial Tower, 3 Temasek Avenue • Singapore 039190
1700 Montgomery Street, Suite 203 • San Francisco, CA • 94111
Asia: 65.9768.6087  US:415.394.6500 • E: hweepeng@glodownead.com


Three-Property Net-Leased Portfolio Sells for $17.3 Million in Medley, FL

Alex Zylberglait

 MEDLEY, FL  – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of the LKQ Portfolio, a three-property, approximately 1,300,000-square-foot triple-net-leased portfolio in Medley, a town in western Miami-Dade County, Fla.

The sales price is $17,300,000. Alex Zylberglait, first vice president investments, and Joseph Phelps, associate, both in Marcus & Millichap’s Miami office, represented the seller, a private investor. The buyer is Gramercy Property Trust.

            “The properties in the portfolio combine to be the largest auto salvage business in Miami-Dade County,” says Zylberglait. “They have been operated as auto salvage facilities for more than 40 years.” “New properties that permit this use face updated restrictions from the county,” adds Phelps.

            The properties are located off the Palmetto Expressway at 8100 NW 74th St., 8130 NW 74th St. and 9800 NW South River Drive in Medley, Fla. in an area with a concentration of similar businesses.

Joseph Phelps
Two of the properties, 8100 NW 74th St. and 9800 NW South River Drive, operate as “Pick Your Part” salvage yards and 8130 NW 74th Ave. is a car and metal recycling facility.

There is a 13,130-square-foot structure at 8100 NW 74th Street that serves as the entrance to the yard and a similar, 3,950-square-foot building at 9800 NW South River Drive.

 A 10,000-square-foot two-story building at 8130 NW 74th St. is the administration office for the businesses. LKQ Corp. is a Fortune 500 company and the industry leader in the sale of aftermarket and recycled auto parts.

For a complete copy of the company’s news release, please contact:

Gina Relva
Public Relations Manager
(925) 953-1716