Thursday, April 16, 2009
Press Release
Atlanta (April 17, 2009) – Cousins Properties Incorporated (NYSE: CUZ) announced today it has signed a lease with Firethorn Holdings, LLC, in Terminus 200, the 25-story office building under construction at Cousins’ Terminus development in Atlanta. The lease, the first office lease in Terminus 200, serves as a significant victory in the competitive Buckhead submarket.
"We are very excited to have Firethorn choose Terminus 200. Having a breakthrough technology company like Firethorn as our first tenant sets a great standard for the building,” said Tom Bell, Chairman and Chief Executive Officer of Cousins. “Terminus continues to live up to its billing as the premier location in Buckhead. We look forward to building on this momentum as we get closer to delivery later this year.”
"We are excited about the relocation of our corporate headquarters to Terminus 200," said Tripp Rackley, Chief Executive Officer of Firethorn. "Terminus will provide our employees with a great location and an unparalleled amenity base for years to come. The team at Cousins worked hard to construct a financial structure that met the needs of our organization. I see this as a real win-win for Firethorn and Cousins."
Terminus 200 is the newest phase of the 10-acre Terminus development, which includes the 100% leased, 656,000 square-foot Terminus 100 office building and 10 Terminus Place, the first Terminus residential tower. Terminus 200 is being developed by a joint venture of Cousins and Prudential Real Estate Investors.
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About Cousins Properties
Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office, multi-family, retail, and land development projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more, please visit www.cousinsproperties.com.