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Tag Archives: Cousins Properties

Cousins Properties and TIER REIT to Merge to Form Large Office Firm

DALLAS and ATLANTA – (Realty News Report) – Dallas-based Tier REIT is merging with Cousins Property of Atlanta to create a $7.8 billion real estate company with extensive holdings in southeastern and southwestern states. After the combination, the firm will own 21 million SF of office space. In Houston, Tier REIT owns the 835,000-SF BriarLake Plaza a two-building office project ... Read More »

29,000 SF Lease Signed – Bank Moves from Downtown Houston to Cousin’s Greenway Plaza

HOUSTON – CommunityBank of Texas leased 29,000 SF in Greenway Plaza, a Houston office complex owned by Cousins Properties of Atlanta. The bank, which signed a 12-year lease, in the 9 Greenway building, was represented by Charlie Neuhaus and Harry Holmes of Avison Young. Cousins Properties was represented by Bob Boykin, Bubba Harkins and Warren Savery. The bank is relocating ... Read More »

Apache Signs 524,000 SF Lease in Post Oak Central; Timetable for New Office Project Pushed Back

HOUSTON – Apache Corp. signed a one-year 524,000 square foot lease extension with Apache Corporation at the Post Oak Central in the Uptown Houston area. The lease extension indicates that Apache is not fast-tracking its plan to construct a new office tower on Post Oak Blvd. In 2012, Apache bought 6 acres on Post Oak, just south of San Felipe ... Read More »

Cousins Re-Signs Transocean, Solidifying Greenway Plaza Holdings

HOUSTON — The Transocean Ltd. energy firm renewed and extended its lease for 255,413 square feet at Greenway Plaza, according to Cousins Properties, the Atlanta-based firm that owns Greenway Plaza complex in Houston. Cousins Properties had been criticized by Wall Street analysts following the recently collapse in oil prices because of its exposure to the Houston office market. Larry Gellerstedt, ... Read More »

Cousins Announces Two Leases in Houston

HOUSTON — Cousins Properties has signed two large lease extensions in Houston totaling  216,000 square feet with Direct Energy and Cox Radio. “I’m very pleased to announce two significant lease transactions in our Houston portfolio,” said Larry Gellerstedt, president and chief executive officer of Atlanta-based Cousins. “With the execution of Direct Energy and Cox Radio, we have successfully mitigated a ... Read More »

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

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 ... Read More »

Stewart Title Extends Big Lease in Cousins’ Post Oak Central Complex in Houston

HOUSTON –  Stewart Information Services Corp., the parent company of Stewart Title,  signed a 230,000 square foot lease extension for its headquarters offices at the Post Oak Central office complex near the Galleria in Houston. Atlanta-based Cousins Properties, owner of Post Oak Central,  announced the lease extension. Stewart, whose lease was scheduled to expire in September 2016, extended its term for three ... Read More »

Cousins Selling 40-story Fort Worth Tower Acquired in Greenway Deal; Building is HQ of Crescent

FORT WORTH – Cousins Properties has agreed to sell 777 Main building in Fort Worth, a 40-story tower it acquired as part of its deal to buy Greenway Plaza in Houston last year. 777 Main is a 980,000 square foot, Class-A office tower located in downtown Fort Worth and is 75 percent leased with Jacobs Engineering, Frac Tech Services and ... Read More »

Falling Oil Prices Prompt Downgrade of Cousins Stock

ATLANTA – A pair of REIT analysts have downgraded the stock of Cousins Properties because of concerns about the impact of falling oil prices on Houston’s office market. Houston is the dominant market in market in the portfolio of Atlanta-based Cousins (stock symbol: CUZ on the New York Stock Exchange.) Citing falling oil prices and exposure to Houston, a security ... Read More »

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 ... Read More »

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