Cousins Properties Acquires Property In Charlotte For $317.5M
Benzinga Newsdesk 8 months ago
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Cousins Properties (NYSE: CUZ) announced today that it has acquired 300 South Tryon, a 638,000 square foot lifestyle office property in Charlotte, for $317.5 million. Located in the Uptown submarket of
Cousins Properties (NYSE: CUZ) announced today that it has acquired 300 South Tryon, a 638,000 square foot lifestyle office property in Charlotte, for $317.5 million. Located in the Uptown submarket of Charlotte, 300 South Tryon was built in 2017 and is currently 100% leased with a weighted average lease term of six years.
The acquisition will be funded with a combination of proceeds from non-core asset sales, debt financing and/or the settlement of common shares previously issued on a forward basis under Cousins' ATM program. Cousins is currently under contract to sell Harborview Plaza in Tampa and a land parcel at 303 Tremont in Charlotte for combined gross proceeds of $63.2 million.