Cousins Properties Announces Sale of The Points of Waterview And North Point Center East
Staff Report From Metro Atlanta CEO
Friday, January 15th, 2016
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."
