Cousins Properties Announces Sale Of The Points Of Waterview And North Point Center East

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Jan 14, 2016, 04:15 ET

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.cousinsproperties.com.

CONTACT:
Marli Quesinberry
Director, Investor Relations
404-407-1898
[email protected]

SOURCE Cousins Properties Incorporated