Cousins Properties Signs Veritiv Corporation at Northpark Town Center
ATLANTA--(BUSINESS WIRE)-- Cousins Properties Incorporated (NYSE: CUZ) announced today that 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.
“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. 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,” said Mary Laschinger, Chairman of the Board and Chief Executive Offer of Veritiv.
Veritiv was represented in the lease negotiations by CBRE’s Sam Holmes, John Shlesinger and Ellen Stern.
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.
Veritiv Corporation (NYSE: VRTV), with executive offices in Atlanta, is a North American leader in business-to-business distribution solutions. 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.
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director, Investor Relations
Source: Cousins Properties Incorporated