ATLANTA, Sept. 10, 2015 /PRNewswire/ -- Cousins Properties
Incorporated (NYSE: CUZ) announced today that it has signed two new
leases at Greenway Plaza in Houston,
Texas totaling approximately 64,000 square feet.
The first lease is a ten year expansion and relocation with an
existing Greenway Plaza customer. This customer, a financial firm
headquartered in Houston, is
moving from 44,000 square feet in 3800 Buffalo Speedway to 48,000
square feet in Greenway Plaza Three. In the second transaction, a
publishing firm new to Greenway Plaza signed a seven and half year
lease for 16,000 square feet at 3800 Buffalo Speedway.
"The combination of these two transactions is great example of
what makes Greenway Plaza a unique and compelling investment for
Cousins and our shareholders," said Larry
Gellerstedt, President and Chief Executive Officer of
Cousins Properties. "We expanded an existing customer and locked in
another ten years of term at a higher rental rate while backfilling
a significant portion of the recently vacated Exxon space in
Greenway Plaza Three. At the same time, we attracted a customer new
to the Greenway submarket."
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.cousinsproperties.com.
CONTACT:
Marli Quesinberry
Director, Investor Relations
404-407-1898
marliquesinberry@cousinsproperties.com
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SOURCE Cousins Properties Incorporated