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0.00016559032952484 0 0.00016559032952484 -0.000993541977148455 0.000496770988574286 0.00016559032952484 -0.00215267428382175 -0.0011591323066733
Stock impact report

Cousins Properties to Boost Austin Portfolio With Trophy Office Asset [Yahoo! Finance]

Cousins Properties Incorporated (CUZ) 
Last cousins properties incorporated earnings: 4/30 05:07 pm Check Earnings Report
US:NYSE Investor Relations: investors.cousinsproperties.com
Company Research Source: Yahoo! Finance
The net purchase price for the property is $521.8 million, and the transaction is expected to close in December, subject to customary closing conditions. The property under consideration is 601 West 2nd Street, also known as Sail Tower, which spans around 804,000 square feet. Developed in 2022 near the Second Street entertainment district in Downtown Austin, it lies in the vicinity of Cousins' existing 1.7 million square foot office portfolio in the region. Cousins' Austin portfolio is exhibiting strong leasing on the back of tenants' preference for premium office spaces to attract top talent, aiding in their growth curve. The addition of the above property to this portfolio will enhance its quality, yielding immediate incremental revenues. As per Colin Connolly, the president and CEO of Cousins Properties, “We are thrilled to add this iconic office property, with a strong investment grade customer, to our Austin portfolio.” Cousins also announced that it has begun a public of Show less Read more
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