Cousins Signs Colliers to 35,000-Square-Foot Lease at Promenade
Move consolidates Collier's Midtown and Central Perimeter Offices
ATLANTA — (January 28, 2013) — Cousins Properties Incorporated (NYSE: CUZ) has signed Colliers International, a leading commercial real estate firm, to a new 35,000-square-foot lease at Promenade office tower in Midtown Atlanta.
The move to Promenade, scheduled for February 2014, will consolidate Collier’s Midtown and Central Perimeter offices into one location, leaving room to expand beyond its current roster of 150 Atlanta employees. Colliers has been a prominent Midtown tenant since 1986.
“We’re thrilled to consolidate our Atlanta operations at Promenade,” said Bob Mathews, President of Colliers International Atlanta. “The central location in the heart of Midtown - coupled with Cousins’ comprehensive improvements to the building - makes it a perfect place for Colliers to retain and recruit top talent while continuing to grow the business in the years ahead.”
Cousins’ improvements to the Promenade complex include a redesigned 15th street entrance and garden, an enhanced parking deck, a new fitness facility, the chef-driven Bistro 1230 and The Bean Counter coffee shop.
“Having done business with Colliers for many years, we’re excited to expand our relationship with such a first class firm,” said Cousins CEO Larry Gellerstedt. “We’re particularly delighted for Promenade to receive this type of endorsement from one of the most respected names in the real estate business.”
Cousins acquired Promenade, the 774,000-square-foot Class-A office tower, in November 2011. The building now is 77 percent leased, up from 58 percent at the time of purchase.
About Cousins Properties
Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office and retail development projects. 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, please visit www.cousinsproperties.com.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as a top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.