Tuesday , 27 September 2016
Breaking News

Brookdale Buys 40-Story Tower from Cousins for $167 Million

777 Main, Fort Worth

777 Main, Fort Worth

FORT WORTH – Cousins Properties Inc. announced that it has completed the sale of 777 Main, its 980,000 square foot, Class A office tower in downtown Fort Worth for a gross price of $167 million.

The tower was purchased by the Brookdale Group, an Atlanta firm led by former Hines executives.

Cousins purchased 777 Main for $160 million 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.

Atlanta-based Cousins primarily invests in Class-A office assets located in Sunbelt markets, with a focus on Texas, Georgia and North Carolina. Cousins is also partnering with Hines to develop a 23-story office tower in Victory Park in Dallas.

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