Cousins Properties Signs 230,000 Square Foot Lease Extension in Houston
ATLANTA--(BUSINESS WIRE)-- Cousins Properties Incorporated (NYSE: CUZ) announced today that it has signed a 230,000 square foot lease extension with Stewart Information Services Corporation (NYSE: STC) at Post Oak Central in Houston, Texas. Stewart, whose lease was scheduled to expire in September 2016, extended its term for three years to September 2019.
“We are honored to continue our relationship with a well-respected and industry-leading service provider like Stewart,” said Larry Gellerstedt, president and chief executive officer of Cousins. “Stewart is a great example of the strong and financially stable customer base in our Houston portfolio, where eight of our ten largest customers have investment grade ratings. With the execution of this extension, our 5.6 million square foot Houston portfolio is now 96% leased with over 6 years of weighted average lease term.”
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