Cousins Bringing III Forks and Cantina Laredo to Terminus 200
August 07 2008 - 9:00AM
Business Wire
Cousins Properties Incorporated (NYSE: CUZ) announced today two
restaurant leases at Terminus 200, the under-construction 25-story,
565,000 square-foot office building in Cousins� Terminus
development in Atlanta�s Buckhead submarket. Two Texas-based
restaurants, III Forks and Cantina Laredo, have signed leases for
locations at Terminus 200 when it opens in 2009. Both III Forks
Prime Steakhouse and Cantina Laredo will be new to the Atlanta
market. Both restaurants are owned by Dallas-based Consolidated
Restaurant Operations, Inc. (CRO). III Forks is an all-prime
steakhouse with existing locations in Dallas, Austin and Palm Beach
Gardens, Florida. Cantina Laredo offers gourmet Mexican dining with
24 locations in eight states. �Much of what makes Terminus more
than simply an office or residential project is the vibrant
atmosphere created by our diverse restaurant lineup. Adding III
Forks and Cantina Laredo to the project makes Terminus a
one-of-a-kind dining destination in Atlanta,� said Larry
Gellerstedt, executive vice president and chief development officer
for Cousins. CRO Chief Executive Officer John D. Harkey, Jr. said,
�We are extremely excited to serve the Atlanta market. Buckhead is
one of the most robust dining and entertainment areas in the
country. Terminus 200 is the perfect setting to launch Cantina
Laredo, serving gourmet Mexican food, along with our prime
steakhouse, III Forks.� III Forks and Cantina Laredo will join a
host of other destination restaurants at Terminus, including
AquaKnox, BrickTops, The Flying Biscuit Caf�, LOLA Bellini Bar
& Restaurant and MF Buckhead. In recent months, Terminus has
received additional restaurant commitments from Chick-fil-A and
Dressed, a new specialty salad restaurant. Terminus 200 is the
newest phase of the 10-acre Terminus development, which includes
the signature Terminus 100 office building and 10 Terminus Place,
the first Terminus residential tower, set to open this summer.
Terminus 200 is being developed by a joint venture of Cousins and
Prudential Real Estate Investors. Cantina Laredo and III Forks are
part of Dallas-based Consolidated Restaurant Operations, Inc. (CRO)
which operates and franchises 117 restaurants in 12 states, employs
6,000 and has system wide sales of approximately $250 million. CRO
also operates and franchises Silver Fox, Cool River, El Chico, Good
Eats and Lucky�s. www.croinc.com. CRC is one of the largest private
companies in the Dallas-Fort Worth area (home to more than 16
"Fortune 500" companies and 4.8 million residents). 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, the activity of others
developing competitive projects, 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
failure of assets under contract for sale to ultimately close and
other risks detailed from time to time in the Company's filings
with the Securities and Exchange Commission, including the
Company's Report on Form 10-K for the year ended December 31, 2005.
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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