Cousins Properties Announces Closing of 777 Main Sale
Downtown Fort Worth, Texas Office Tower sells for $167 million
ATLANTA--(BUSINESS WIRE)-- Cousins Properties Incorporated (NYSE: CUZ) announced today that it has completed the sale of 777 Main, its 980,000 square foot, Class A office tower in downtown Fort Worth, Texas, for a gross price of $167 million.
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, Texas.
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.
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director, Investor Relations
Source: Cousins Properties Incorporated