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

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

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

8 metrics

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

Market Reality Check

Price: $21.34 Vol: Volume 1,490,257 is below...

normal vol

$21.34 Last Close

Volume Volume 1,490,257 is below the 20-day average of 1,889,542, suggesting subdued trading ahead of the lease announcement. normal

Technical Shares at $21.34 were trading below the 200-day MA of $26.54 and near the 52-week low of $21.03, well under the 52-week high of $30.81.

Peers on Argus

Key office REIT peers like SLG, KRC, CDP, DEI, and VNO were all down between abo...

1 Up

Key office REIT peers like SLG, KRC, CDP, DEI, and VNO were all down between about 2–3%, while CUZ was down 2.02%. Momentum scans only flagged DEI on the upside, pointing to mixed peer action rather than a broad, synchronized sector move.

Historical Context

5 past events · Latest: Mar 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 18	Dividend declaration	Positive	+0.3%	Announced Q1 2026 cash dividend of $0.32 per common share.
Feb 17	Buyback authorization	Positive	+3.6%	Board approved $250 million share repurchase program with flexible funding.
Feb 10	Debt financing	Negative	-8.0%	Priced $500 million of 4.875% senior unsecured notes due 2033.
Feb 05	Property acquisition	Positive	-1.2%	Acquired 300 South Tryon, fully leased lifestyle office, for $317.5 million.
Feb 05	Earnings release	Neutral	-1.2%	Released Q4 and full-year 2025 results with accompanying call and materials.

Pattern Detected

Shareholder-return actions (dividends, buybacks) have seen modest positive reactions, while capital markets and acquisition news have sometimes met with selling pressure.

Recent Company History

Over the past several months, Cousins reported a Q1 $0.32 dividend and a $250 million repurchase authorization, both followed by small share gains. In contrast, issuing $500 million of 4.875% senior notes and the $317.5 million acquisition of 300 South Tryon coincided with negative price moves. Earnings and capital allocation events thus produced mixed trading responses. Today’s Neuhoff lease with Oracle adds an operational leasing milestone to a timeline otherwise dominated by financing, capital recycling, and portfolio expansion updates.

Market Pulse Summary

This announcement highlights a substantial, long-term 116,000 square foot lease with Oracle at the N...

Analysis

This announcement highlights a substantial, long-term 116,000 square foot lease with Oracle at the Neuhoff mixed-use project in Nashville, where office space was already 84% leased and apartments 92% leased. It reinforces Cousins’ focus on well-leased, Sun Belt office assets and complements recent capital allocation moves such as acquisitions, debt financing, dividends, and buybacks. Investors may watch future leasing at Neuhoff—especially the 46%-leased retail component—and how new commitments contribute to occupancy and cash flow across the broader portfolio.

AI-generated analysis. Not financial advice.

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

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.