Cousins Properties Incorporated (NYSE: CUZ) announced today that it has
entered into a binding purchase and sale agreement, with a
non-refundable deposit, to sell 777 Main in Fort Worth, Texas. The
transaction is scheduled to close by year end, subject to customary
closing conditions.
777 Main is a 980,000 square foot, Class-A office tower located in
downtown Fort Worth and was 75% leased as of September 30, 2014. Cousins
purchased the asset in September 2013 as part of its Crescent Texas
acquisition, which included the 4,348,000 million square foot Greenway
Plaza office complex in Houston, Texas.
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.
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