Cousins Properties Announces Sale Of The Points Of Waterview And North Point Center East
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.cousins.com.
Director, Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cousins-properties-announces-sale-of-the-points-of-waterview-and-north-point-center-east-300204778.html
SOURCE Cousins Properties Incorporated