Cousins Properties Announces New Leases at Colorado Tower
AUSTIN — (April 1, 2014) — Cousins Properties Incorporated (NYSE: CUZ) has signed three new leases, totaling 109,620 square feet, at Colorado Tower in Downtown Austin, TX. Leasing at the Class-A office development has reached 51 percent, up from 22 percent at the end of 2013, with approximately 182,000 square feet still available.
“We are excited to announce over 109,000 square feet of new leasing activity at Colorado Tower,” said Larry Gellerstedt, President and Chief Executive Officer of Cousins. “The addition of these outstanding customers to an already first class roster further demonstrates the compelling value proposition of the project and the continued strength of the Austin CBD.”
Additional information on these leases:
- Hawkeye Partners leased 11,636 square feet and was represented by Jim Crouch.
- Atlassian leased 24,141 square feet and was represented by Jeff Pace and Jake Ragusa with JLL.
- Parsley Energy leased 73,843 square feet and was represented by Will Douglas and Nathan Lawrence with CBRE and Jim Bell with Studley.
Cousins was represented on all deals by Rachel Coulter and Kevin Kimbrough with Oxford Commercial.
Projected to be delivered December 2014, the 373,000-square-foot, Class-A office development will be the first high-rise tower built in Austin since Cousins developed Frost Bank Tower in 2003. Cousins has played a prominent role in the Austin real estate market for over 20 years, with a list of notable projects including Frost Bank Tower, Palisades West, and its recent acquisition of 816 Congress.
About Cousins Properties Incorporated
Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in top-tier urban office assets and opportunistic mixed-use developments in Sunbelt markets. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more information, please visit www.cousins.com.