Thursday , 29 September 2016
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Cousins Starts $44 Million Office Development in Austin

AUSTIN – Cousins Properties Inc.  plans to commence construction on Research Park V, a $44 million project in northwest  Austin. The 173,000 square-foot office development is the last building in a five-building complex which Cousins has developed.

“We have a long, successful history in Austin and are very excited about the opportunity to bring new Class-A product to the rapidly tightening Northwest Austin submarket,” said Larry Gellerstedt, President and CEO of Cousins. “With Class-A occupancy over 90% and a significant number of companies currently looking for space in the Northwest submarket, we believe we are well positioned for success.”

Cousins, an Atlanta-based REIT, is projected to start on the new building prior to year-end 2014 and to be completed in fourth quarter 2015.

Cousins has been active in the Austin real estate market for over 20 years, with a list of notable development projects including Colorado Tower, Frost Bank Tower, and Palisades West.

Cousins  is nearing completion on  Colorado Tower, a 373,000-square-foot, downtown office development will be the first high-rise tower built in Austin in years.

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