Cousins Announces Retailer Openings at Tiffany Springs MarketCenter
June 23 2008 - 2:48PM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) announced today a
schedule of retailer openings at Tiffany Springs MarketCenter, a
585,000-square-foot power center at the intersection of Interstate
29 and State Highway 152 in Kansas City, Missouri. The project,
Cousins� first in Kansas City, will eventually be home to more than
50 retailers and restaurants. The first retailer to open at the
center is Best Buy, which held its grand opening on Friday, June
20. Over the next two months, more than a dozen additional
retailers � including all of the anchors � will open their doors at
Tiffany Springs MarketCenter. The center is currently 88 percent
committed. �We are proud of the mix of retailers at Tiffany Springs
and know this center will quickly become a great addition to the
growing Northland community,� said Darryl Bonner, senior vice
president of leasing for Cousins Properties. Following Best Buy�s
opening, The Home Depot has planned its grand opening for June 26.
Other retailers including Target, JCPenney, PetSmart, Ulta, Sports
Authority, Chuck E. Cheese and Community American Credit Union have
scheduled openings in late July and early August. Additional
retailers with signed leases at Tiffany Springs MarketCenter
include Famous Footwear, Five Guys Burgers, Great Clips, Jason�s
Deli, Justice, Lifeway Christian Bookstore, Mattress Firm and
ProfessioNail. Tiffany Springs MarketCenter is represented locally
by Kansas City-based LANE4 Property Group, which provides retail
development and brokerage services throughout the Midwest.
Celebrating its 50th anniversary in 2008, Cousins Properties
Incorporated is a leading diversified real estate company with
extensive experience in development, acquisition, financing,
management and leasing. Based in Atlanta, the Company actively
invests in office, multi-family, retail, industrial and land
development projects. Since its founding, Cousins has developed 20
million square feet of office space, 20 million square feet of
retail space, more than 4,000 multi-family units and more than 60
single-family neighborhoods. The Company is a fully integrated
equity real estate investment trust (REIT) and trades on the New
York Stock Exchange under the symbol CUZ. For more, please visit
www.cousinsproperties.com. Certain matters discussed in this news
release are forward-looking statements within the meaning of the
federal securities laws and are subject to uncertainties and risks,
including, but not limited to, general and local economic
conditions, local real estate conditions (including the overall
condition of the residential market), the activity of others
developing competitive projects, the risks associated with
development projects (such as delay, cost overruns and
leasing/sales risk of new properties), the cyclical nature of the
real estate industry, the financial condition of existing tenants,
interest rates, the Company�s ability to obtain favorable financing
or zoning, environmental matters, the effects of terrorism, the
ability of the Company to close properties under contract and other
risks detailed from time to time in the Company�s filings with the
Securities and Exchange Commission, including the Company�s Annual
Report on Form 10-K for the year ended December 31, 2007. The words
�believes�, �expects�, �anticipates�, �estimates� and similar
expressions are intended to identify forward-looking statements.
Although the Company believes that its plans, intentions and
expectations reflected in any forward-looking statement are
reasonable, the Company can give no assurance that these plans,
intentions or expectations will be achieved. Such forward-looking
statements are based on current expectations and speak as of the
date of such statements. The Company undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of future events, new information or otherwise.
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