Cousins Properties Incorporated announced that it has completed the disposition of One Ninety One Peachtree, a 1.2 million square foot, Class A office tower in downtown Atlanta, for a gross price of $268 million.

"One Ninety One Peachtree is an iconic Atlanta landmark and has become the office location of choice in our vibrant downtown community," said Larry Gellerstedt, president and chief executive officer of Cousins. "Cousins is proud to have been a part of downtown Atlanta's resurgence over the last ten years, and by remaining as the property manager for One Ninety One Peachtree going forward, we are excited to continue our relationship with our customers, the new owner and the downtown community."

Cousins purchased One Ninety One Peachtree in 2006 for $153 million. During Cousins' ownership, the Company completed a substantial interior renovation of the 50-story office tower and executed approximately 760,000 square feet in new leases and renewals. Today, One Ninety One Peachtree is 93 percent leased to a strong roster of customers including Deloitte, the Metro Atlanta Chamber, Cooper Carry and Hall Booth Smith.