Cousins Properties to Acquire Lifestyle Office Property in South End Charlotte
Cousins Properties Incorporated (CUZ)
Last cousins properties incorporated earnings: 4/30 05:07 pm
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Source: PR Newswire
ATLANTA, Nov. 7, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it is under contract to acquire Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, for $328.5 million. The transaction is expected to close in December, subject to customary closing conditions.Vantage South End is located in the heart of the dynamic South End submarket and is approximately two blocks away from Cousins' existing RailYard property as well as its South End Station development parcel. The property is comprised of two office towers, which were completed in 2021 and 2022, and is currently 97% leased with a weighted average lease term of over nine years. "We are excited to grow our presence in Charlotte with the acquisition of Vantage South End. We are purchasing the property in an off-market transaction at a meaningful discount to replacement cost, and at a price that will be immediately accretive to earnings," said Colin Connolly, President and Chief
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CUZ
Earnings
- 10/24/24 - In-Line
CUZ
Sec Filings
- 12/17/24 - Form 8-K
- 12/12/24 - Form 424B5
- 12/12/24 - Form 8-K
- CUZ's page on the SEC website