ATLANTA, Jan. 14, 2016 /PRNewswire/ -- Cousins
Properties Incorporated (NYSE: CUZ) announced today it has
completed the sale of two office assets. The Points of Waterview, a
203,000 square foot office building in Dallas, TX, sold for a gross price of
$26.8 million, and North Point Center
East, a 540,000 square foot office complex in Atlanta, GA, sold for a gross price of
$92.3 million.
"With these sales complete, our development pipeline is fully
funded," said Larry Gellerstedt,
President and Chief Executive Officer of Cousins Properties. "As we
begin 2016, Cousins owns a portfolio of well-leased, trophy assets
in high-barrier urban submarkets, supported by an industry-leading
balance sheet."
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