ATLANTA,
June 15, 2017 /PRNewswire/
-- Cousins Properties (NYSE: CUZ) announced today that it has
completed the disposition of American Cancer Society Center, a
996,000 square-foot office asset in downtown Atlanta, for a gross price of $166 million.
This transaction was included in the Company's previously
provided 2017 disposition activity range of $300 million to $325 million. With this
transaction, Cousins has now completed approximately $316 million in dispositions during
2017.
About Cousins Properties Cousins
Properties is a fully integrated, self-administered and
self-managed real estate investment trust (REIT). The Company,
based in Atlanta, GA and acting
through its operating partnership, Cousins Properties LP, primarily
invests in Class-A office towers located in high growth Sunbelt
markets. Founded in 1958, Cousins creates shareholder value through
its extensive expertise in the development, acquisition, leasing
and management of high-quality real estate assets. 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.
CONTACT:
Marli Quesinberry
Vice President, Investor Relations
404-407-1898
marliquesinberry@cousinsproperties.com
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SOURCE Cousins Properties