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Cousins introduces Terminus 100 property management team
Veteran Staff to Provide Unmatched Service and Support for Iconic Atlanta Office Tower
ATLANTA (February 9, 2007) – Cousins Properties Incorporated (NYSE: CUZ) announced today its property management team for Terminus 100, the Terminus mixed-use development’s flagship 27-story, 650,000 square-foot building at the intersection of Peachtree and Piedmont Roads in Atlanta’s Buckhead community. The Terminus property management staff, a veteran group of real estate industry professionals recognized for outstanding customer service,
will provide support for the office and retail tenants of Terminus 100.
With more than 50 years of combined experience in office and retail management, the leadership of the Terminus property management team includes Edward C. “Chip” Andrews, Jr. as Senior Property Manager, Rhonda T. Tompkins, RPA as Property Manager, Robert A. Spruell, SMA as Chief Engineer and Star Thurmond as Tenant Move-In Coordinator. Andrews, Tompkins and Spruell are moving to Terminus 100 from other positions within Cousins and will leverage their expertise in corporate services and systems support for Class A commercial real estate in overseeing the day-to-day operations for this project. Andrews’ management experience includes 17 years in property and security management for the Federal Reserve Bank of Atlanta, while both Tompkins and Spruell have worked on high-profile Cousins projects such as Wildwood Office Park and Concourse Corporate Center.
“Terminus is an iconic project and its clients – from office customers
to retailers to visitors – deserve the highest level of service. We performed an extensive internal and external search for the right candidates and have assembled a team that will continue our long tradition of superior property management services,” said Dara Nicholson, RPA, senior vice president of property management for Cousins Properties. “Chip, Rhonda, Robert and Star are outstanding professionals and Terminus users should expect great things from this team.”
Initial responsibilities of the incoming property management team
will focus on coordinating the move-in of office and retail tenants to Terminus 100. The team will employ best-in-class safety measures
and communications practices in order to ensure seamless tenant move-in while construction continues on additional residential, retail and office components of the Terminus community.
Synovus, one of the largest financial services institutions in the Southeast, will be the first tenant to move into Terminus 100 in April 2007. Additional signed tenants at Terminus 100 include Bain & Co., Citigroup, CB Richard Ellis, Cumulus Media, Inc., Atlantic Capital Bancshares, Wilmington Trust Corp., Riverside Advisors and Premiere Global Services. Other elements of the Terminus community include: Terminus 200, a 24-story, 520,000 square foot office building scheduled for completion in 2009; 10 Terminus Place, a 32-story residential building expected to open in mid-2008; more than 125,000 square feet of retail and restaurant space; and two additional condominium towers containing up to 700 units. More information on the Terminus community can be found at www.terminus-atlanta.com.
The Terminus property management team will continue Cousins Properties’ award-winning commitment to excellence in the management of its properties. Since 1988, Cousins has won 32 local, 21 regional and seven international The Office Building of the Year Awards (TOBYs) – the commercial real estate industry’s most coveted and prestigious property management award – from the Building Owners and Managers Association (BOMA),
Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including development, acquisition, financing, management and leasing. Cousins actively invests in office, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.3 million square feet of office space, 4.2 million square feet of retail space, 2 million square feet of industrial space, one multi-family residential project and 23 single-family neighborhood developments, over 9,000 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single-family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 14.9 million square feet of office and retail space. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol “CUZ.” For more information on the Company, please visit Cousins' Web site at www.cousinsproperties.com.
Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to, general and local economic conditions, local real estate conditions, the activity of others developing competitive projects, the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company's ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the failure of assets under contract for sale to ultimately close and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Report on Form 10-K for the year ended December 31, 2005. The words “believes,” “expects,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events,
new information or otherwise.
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