Cousins Properties Announces 116,000 Square Foot Lease with Oracle at Neuhoff in Nashville

Cousins Properties (NYSE: CUZ) executed a long-term lease for 116,000 square feet with Oracle at Neuhoff in Nashville; Oracle is expected to occupy the space in the second half of 2026.

Rhea-AI Summary

Cousins Properties (NYSE: CUZ) executed a long-term lease for 116,000 square feet with Oracle at Neuhoff in Nashville; Oracle is expected to occupy the space in the second half of 2026. Cousins owns Neuhoff in a 50/50 joint venture and New City Properties is the development partner.

Neuhoff comprises ~395,000 sq ft office, 55,000 sq ft retail and 542 apartments; current leasing: office 84% leased, retail 46% leased, apartments 92% leased.

Positive

• 116,000 sq ft lease signed with Oracle
• Oracle to occupy in the second half of 2026
• Neuhoff office 84% leased
• Apartments 92% leased

Negative

• Retail at Neuhoff is only 46% leased

Argus Mar 30 session

+2.11% close to close 1.3x rel. volume Open Argus

Details

News Market Reaction – CUZ

On Mar 30, the day this news came out, CUZ closed 2.11% above the previous close.

Data tracked by StockTitan Argus for the Mar 30 session.

Key Figures

Oracle Neuhoff lease: 116,000 square feet Neuhoff office space: 395,000 square feet Neuhoff retail space: 55,000 square feet +5 more

Oracle Neuhoff lease

116,000 square feet

Long-term lease at Neuhoff mixed-use development in Nashville

Neuhoff office space

395,000 square feet

Total office area at Neuhoff development

Neuhoff retail space

55,000 square feet

Total retail area at Neuhoff development

Neuhoff apartments

542 apartments

Residential units at Neuhoff development

Office leased

84%

Neuhoff office portion leased before Oracle occupancy

Retail leased

46%

Neuhoff retail portion leased

Apartments leased

92%

Neuhoff residential occupancy

Joint venture split

50/50

Neuhoff owned equally with an institutional investor

Historical Context

5 past events · Latest: Mar 18

5 events

1. Mar 18

   Dividend declaration

   24h Move

   +0.3%

   Announced Q1 2026 cash dividend of $0.32 per common share.

2. Feb 17

   Buyback authorization

   24h Move

   +3.6%

   Board approved $250 million share repurchase program with flexible funding.

3. Feb 10

   Debt financing

   24h Move

   -8.0%

   Priced $500 million of 4.875% senior unsecured notes due 2033.

4. Feb 05

   Property acquisition

   24h Move

   -1.2%

   Acquired 300 South Tryon, fully leased lifestyle office, for $317.5 million.

5. Feb 05

   Earnings release

   24h Move

   -1.2%

   Released Q4 and full-year 2025 results with accompanying call and materials.

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

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ATLANTA, March 30, 2026 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has executed a long-term lease for 116,000 square feet with Oracle at its Neuhoff mixed-use development in Nashville, TN.  Oracle is expected to occupy the space in the second half of 2026.

Oracle's offices at Neuhoff will overlook construction of its new headquarters campus along the opposite bank of the Cumberland River.  The Oracle campus will be connected to Neuhoff by a pedestrian bridge.

Cousins owns Neuhoff in a 50/50 joint venture with a large, institutional investor.  New City Properties, a commercial development firm headquartered in Atlanta, serves as the development partner on behalf of Cousins and its joint venture partner.  Neuhoff consists of approximately 395,000 square feet of office space, 55,000 square feet of retail space and 542 apartments.  The office portion is currently 84% leased, the retail is 46% leased and the apartments are 92% leased. 

"We have been very encouraged by the recent uptick in office leasing activity in Nashville, much of which has been driven by technology and new-to-market customers," said Colin Connolly, President and Chief Executive Officer of Cousins Properties.  "We continue to see well-capitalized companies like Oracle prioritize new, highly amenitized space as they look to grow and invest in our Sun Belt markets."

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-announces-116-000-square-foot-lease-with-oracle-at-neuhoff-in-nashville-302728570.html

SOURCE Cousins Properties

FAQ

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

What are the terms and size of Oracle's lease at Neuhoff (CUZ)?

Oracle signed a long-term lease for 116,000 square feet at Neuhoff. According to the company, the lease is for long-term occupancy with move-in expected in the second half of 2026.

When will Oracle begin occupying the Neuhoff space leased from Cousins (CUZ)?

Oracle is expected to occupy the Neuhoff offices in the second half of 2026. According to the company, the timing aligns with ongoing construction and connectivity via a planned pedestrian bridge.

How much office, retail and residential space does Neuhoff include under Cousins (CUZ)?

Neuhoff includes ~395,000 sq ft of office, 55,000 sq ft of retail and 542 apartments. According to the company, those figures describe the mixed-use composition of the development.

What are current leasing rates at Neuhoff that affect CUZ investors?

According to the company, Neuhoff leasing stands at 84% office, 46% retail and 92% apartments. These occupancy rates reflect current tenant commitments across the mixed-use property.

Who owns and develops Neuhoff where Oracle leased space from Cousins (CUZ)?

Cousins owns Neuhoff in a 50/50 joint venture with a large institutional investor; New City Properties is the development partner. According to the company, the JV structure supports the project delivery.