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ATLANTA, July 31, 2025 /PRNewswire/ — Cousins Properties (NYSE: CUZ) introduced right now that it has acquired The Link, a 292,000 sq. foot life-style workplace property in Dallas, for $218 million. Located within the Uptown submarket of Dallas, the Link was in-built 2021 and is presently 93.6% leased with a weighted common lease time period of over 9 years.
The acquisition might be funded with a mixture of extra proceeds from Cousins’ unsecured senior notice providing in the course of the second quarter in addition to the settlement of widespread shares beforehand issued on a ahead foundation below the Company’s ATM program and/or potential future asset tendencies.
“We are excited to grow our presence in Dallas, and particularly the dynamic Uptown submarket, with the acquisition of The Link,” mentioned Colin Connolly, President and Chief Executive Officer of Cousins Properties. “With our strong balance sheet and financial flexibility, we have accretively acquired over $1 billion of lifestyle office properties in the past nine months. The acquisition of The Link offers another compelling growth opportunity that is immediately accretive to earnings while enhancing our portfolio and geographic concentration.”
Please seek advice from the Investor Relations web page of Cousins’ web site for a presentation with extra data on the transaction mentioned on this launch.
About Cousins Properties
Cousins Properties is a totally built-in, self-administered and self-managed actual property funding belief (REIT). The Company, based mostly in Atlanta, GA and performing by means of its working partnership, Cousins Properties LP, primarily invests in Class A workplace buildings positioned in excessive development Sun Belt markets. Founded in 1958, Cousins creates shareholder worth by means of its intensive experience within the growth, acquisition, leasing, and administration of high-quality actual property belongings. The Company has a complete technique in place based mostly on a easy platform, trophy belongings, and opportunistic investments. For extra data, please go to www.cousins.com.
CONTACT:
Roni Imbeaux
Vice President, Finance and Investor Relations
404-407-1104
[email protected]
SOURCE Cousins Properties
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