Cousins Properties Announces Agreement to Sell 777 Main
ATLANTA--(BUSINESS WIRE)-- 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.
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.
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director, Investor Relations
Source: Cousins Properties Incorporated