Cousins Properties Acquires Lifestyle Office Property in Uptown Charlotte

Cousins Properties (NYSE: CUZ) acquired 300 South Tryon, a 638,000 square foot lifestyle office in Uptown Charlotte, for $317.5 million on Feb. 5, 2026.

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) acquired 300 South Tryon, a 638,000 square foot lifestyle office in Uptown Charlotte, for $317.5 million on Feb. 5, 2026. The property, built in 2017, is 100% leased with a weighted average lease term of six years.

The purchase will be funded via non-core asset sale proceeds, debt financing and/or settlement of previously issued common shares under Cousins' ATM program. Cousins is under contract to sell two non-core assets for combined gross proceeds of $63.2 million. Management said the acquisition is immediately accretive to earnings and strengthens future cash flows.

Positive

• Acquired 638,000 sq ft lifestyle office in Uptown Charlotte
• Purchase price of $317.5 million for a fully leased asset
• Property is 100% leased with a 6-year weighted average lease term
• Company says the deal is immediately accretive to earnings

Negative

• Planned funding includes debt and potential settlement of common shares
• Committed purchase ($317.5M) exceeds planned sale proceeds ($63.2M)

Argus Feb 6 session

-1.16% close to close 2.1x rel. volume Open Argus

Details

News Market Reaction – CUZ

On Feb 6, the first trading day after this news, CUZ closed 1.16% below the previous close. That session’s volume was 2.1x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Feb 6 session.

Key Figures

Purchase price: $317.5 million Property size: 638,000 square feet Occupancy: 100% leased +5 more

Purchase price

$317.5 million

Acquisition of 300 South Tryon in Uptown Charlotte

Property size

638,000 square feet

300 South Tryon lifestyle office property

Occupancy

100% leased

Current leasing status of 300 South Tryon

Weighted average lease term

6 years

Lease term profile at 300 South Tryon

Non-core sale proceeds

$63.2 million

Combined gross proceeds from Harborview Plaza and 303 Tremont land

Building year

2017

Construction year of 300 South Tryon

Price move today

2.32%

Pre-news 24h price change for CUZ

52-week range

$24.07–$31.36

CUZ 52-week low and high before this news

Previous Acquisition Reports

5 past events · Latest: Jul 31

Same Type 5 events

1. Jul 31

   Lifestyle office buy

   24h Move

   -2.1%

   Acquisition of The Link in Uptown Dallas for $218 million.

2. Dec 17

   Acquisition closing

   24h Move

   -6.1%

   Closed Sail Tower lifestyle office acquisition in Austin for $521.8 million.

3. Dec 10

   Acquisition announcement

   24h Move

   -2.8%

   Announced plan to buy Sail Tower in Austin for $521.8 million.

4. Dec 04

   Acquisition closing

   24h Move

   -0.5%

   Completed Vantage South End lifestyle office acquisition in Charlotte.

5. Nov 07

   Acquisition announcement

   24h Move

   +0.5%

   Announced plan to acquire Vantage South End in Charlotte for $328.5 million.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

atm program, weighted average lease term

2 terms

atm program financial

"settlement of common shares previously issued on a forward basis under Cousins' ATM program."

An at-the-market (ATM) program is an arrangement that lets a publicly traded company sell newly issued shares gradually into the open market at prevailing prices, through a designated broker-dealer, instead of raising money in one large offering. It gives the company flexible, lower-cost fundraising; for existing shareholders it matters because each sale adds to the share count, which can dilute their ownership stake.

weighted average lease term financial

"100% leased with a weighted average lease term of six years."

Weighted average lease term is the average remaining length of all leases in a property or group of properties, calculated so leases that pay more rent count more than small ones. It matters to investors because a longer weighted average lease term means steadier, more predictable rental income and less near-term risk of vacancies or renegotiations—think of it like the average remaining time on a group of paid subscriptions, weighted by subscription size.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ATLANTA, Feb. 5, 2026 /PRNewswire/ -- 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.

"We are excited to advance our external growth objectives with the off-market acquisition of 300 South Tryon, one of the premier assets in the heart of Uptown Charlotte," said Colin Connolly, President and Chief Executive Officer of Cousins Properties. "This is a terrific time to grow our Charlotte portfolio as market fundamentals continue to improve with increasing demand at a time of virtually no new supply, which is leading to rapid rent growth for lifestyle office. We are purchasing the property at a very attractive basis and the transaction is immediately accretive to earnings while strengthening future cash flows."

Please refer to the Investors page of Cousins' website for a presentation with additional information on the acquisition discussed in this release.

About Cousins Properties

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing, and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments. For more information, please visit www.cousins.com.

CONTACT:
Roni Imbeaux
Senior Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com

View original content:https://www.prnewswire.com/news-releases/cousins-properties-acquires-lifestyle-office-property-in-uptown-charlotte-302680706.html

SOURCE Cousins Properties

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cousins Properties (CUZ) acquire on February 5, 2026?

Cousins acquired 300 South Tryon, a 638,000 square foot lifestyle office building in Uptown Charlotte. According to Cousins, the property was built in 2017 and is currently 100% leased with a weighted average lease term of six years.

How much did CUZ pay for 300 South Tryon and how is it funded?

Cousins paid $317.5 million for 300 South Tryon. According to Cousins, funding will come from non-core asset sale proceeds, debt financing and/or settlement of common shares previously issued on a forward basis under its ATM program.

What are the lease characteristics of 300 South Tryon in the CUZ acquisition?

300 South Tryon is reported as 100% leased with a weighted average lease term of six years. According to Cousins, the building was completed in 2017 and serves the Uptown Charlotte lifestyle office submarket.

Will the 300 South Tryon acquisition affect Cousins' earnings or cash flow?

Cousins says the acquisition is immediately accretive to earnings and strengthens future cash flows. According to Cousins, the purchase basis and current leasing profile support near-term earnings accretion and anticipated cash-flow benefits.

What asset sales did Cousins cite to help fund the CUZ purchase?

Cousins is under contract to sell Harborview Plaza in Tampa and a Charlotte land parcel for combined gross proceeds of $63.2 million. According to Cousins, those non-core sales are expected to contribute toward funding the acquisition.