Cousins Properties to Acquire Trophy Lifestyle Office Property in Downtown Austin
Cousins Properties Incorporated (CUZ)
Last cousins properties incorporated earnings: 4/30 05:07 pm
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US:NYSE Investor Relations:
investors.cousinsproperties.com
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Source: PR Newswire
ATLANTA, Dec. 10, 2024 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it is under contract to acquire 601 West 2nd Street, also known as Sail Tower, an 804,000 square foot trophy lifestyle office property in Austin, for a net purchase price of $521.8 million. The transaction is expected to close in December, subject to customary closing conditions.Sail Tower is located near the Second Street entertainment district in Downtown Austin and offers unobstructed views of Lady Bird Lake. It is just a few blocks away from Cousins' existing 1.7 million square foot Downtown Austin office portfolio, which is currently 93% leased. Sail Tower was developed in 2022 and the office space is 100% leased to a Fortune 20 company (S&P: AA+) through 2038. "We are thrilled to add this iconic office property, with a strong investment grade customer, to our Austin portfolio," said Colin Connolly, President and Chief Executive Officer of Cousins Properties. "Austin continues to exhi
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News
- Is it Wise to Retain Cousins Properties Stock in Your Portfolio Now? [Yahoo! Finance]Yahoo! Finance
- Cousins Properties declares $0.32 dividend [Seeking Alpha]Seeking Alpha
- Cousins Properties Announces Its Fourth Quarter 2024 Common Stock DividendPR Newswire
- Cousins Properties Incorporated (NYSE: CUZ) had its price target raised by analysts at Truist Financial Co. from $30.00 to $33.00. They now have a "buy" rating on the stock.MarketBeat
- Cousins Properties Closes Sail Tower Acquisition in Austin [Yahoo! Finance]Yahoo! Finance
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