Cousins Properties Announces 64,000 Square Feet Of New Leasing Activity At Greenway Plaza In Houston, Texas
ATLANTA, Sept. 10, 2015 /PRNewswire/ -- Cousins Properties Incorporated (NYSE: CUZ) announced today that it has signed two new leases at Greenway Plaza in Houston, Texas totaling approximately 64,000 square feet.
The first lease is a ten year expansion and relocation with an existing Greenway Plaza customer. This customer, a financial firm headquartered in Houston, is moving from 44,000 square feet in 3800 Buffalo Speedway to 48,000 square feet in Greenway Plaza Three. In the second transaction, a publishing firm new to Greenway Plaza signed a seven and half year lease for 16,000 square feet at 3800 Buffalo Speedway.
"The combination of these two transactions is great example of what makes Greenway Plaza a unique and compelling investment for Cousins and our shareholders," said Larry Gellerstedt, President and Chief Executive Officer of Cousins Properties. "We expanded an existing customer and locked in another ten years of term at a higher rental rate while backfilling a significant portion of the recently vacated Exxon space in Greenway Plaza Three. At the same time, we attracted a customer new to the Greenway submarket."
About Cousins Properties Incorporated
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.cousins.com.
Director, Investor Relations
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SOURCE Cousins Properties Incorporated