Cousins Properties operates as a fully integrated, self-administered and self-managed real estate investment trust that primarily invests in Class A office buildings in high-growth Sun Belt markets through Cousins Properties LP. Founded in 1958, the company’s recurring updates center on office property development, acquisitions, leasing, management and portfolio activity across Southern U.S. markets.
News about CUZ commonly includes quarterly results, common stock dividends, tenant leasing at office and mixed-use properties, unsecured credit facilities, share repurchase authorizations and other capital-allocation actions. Company releases also cover developments in its Sun Belt office strategy and asset base, including projects such as Neuhoff and activity involving high-quality office properties.
Cousins Properties (NYSE: CUZ) has announced two key strategic transactions in Downtown Austin on December 21, 2021. The company sold 816 Congress, a 435,000 square foot office building, for $174 million, currently 78% leased and set to drop to 60% leased in early 2023. Cousins also acquired the remaining 50% interest in 300 Colorado, a 369,000 square foot office building, for $162.5 million, currently 88% leased. The firm has invested over $1 billion in new developments and acquisitions while divesting $600 million in older assets, aiming to strengthen its portfolio.
Cousins Properties (NYSE: CUZ) announced two leases totaling 95,000 square feet at its 100 Mill office development in Downtown Tempe, achieving 80% pre-leased status before its 2022 delivery. Amazon expanded its lease by 63,000 square feet for its Phoenix Tech Hub, increasing its footprint to 158,000 square feet and creating 550 new jobs. LiveRamp signed a new 32,000 square foot lease for its entry into the Phoenix market, with plans for 100 new hires. The strong leasing activity reflects the appeal of Phoenix for growing technology companies.
Cousins Properties (NYSE: CUZ) announced a significant lease agreement with Amazon for its Domain 9 development in Austin, amounting to 330,000 square feet. This move means Amazon will occupy 100% of the new space in three phases starting Q1 2024. The Domain portfolio's occupancy stands at 99.7%, with plans for additional developments totaling at least 1.5 million square feet. CEO Colin Connolly highlighted the strong demand for office space in the area, affirming their growth strategy.
Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.31 per common share for the fourth quarter of 2021. This dividend will be payable on January 14, 2022, to shareholders on record as of January 5, 2022. The company is a self-managed REIT focused on Class A office buildings in high-growth Sun Belt markets. Founded in 1958, it aims to create shareholder value through development, acquisition, and management of quality real estate assets.
Cousins Properties (NYSE: CUZ) reports its third quarter results for 2021. The details can be accessed on their Investor Relations website. A conference call to discuss the results is scheduled for 10:00 a.m. Eastern Time on October 29, 2021, with a replay available for seven days. Cousins Properties, based in Atlanta, GA, focuses on investing in Class A office buildings in high-growth Sun Belt markets, leveraging its expertise in real estate development and management.
Cousins Properties (NYSE: CUZ) has acquired Heights Union, a 294,000 square foot office property in Downtown Tampa, for $144.8 million. The property, completed in late 2020, is currently 93.4% leased, with life sciences companies accounting for 66% of the rent roll. Major tenants include Pfizer and Axogen, occupying 106,000 and 75,000 square feet respectively. This acquisition represents a strategic opportunity to enhance the company's portfolio in a vibrant, amenity-rich submarket, aligning with demand for quality office spaces.
Cousins Properties (CUZ) has scheduled the release of its third quarter 2021 earnings after market close on October 28, 2021. A conference call will follow on October 29, 2021, at 10:00 a.m. ET, accessible at (877) 247-1056. Playback of the call will be available until November 5, 2021. The financial report will be posted on the company's website after the earnings release. Cousins Properties focuses on Class A office buildings in high-growth Sun Belt markets, striving to create shareholder value through strategic investments.
Cousins Properties (NYSE: CUZ) announced that Visa (NYSE: V) has signed a long-term lease for approximately 123,000 square feet at 1200 Peachtree in Midtown Atlanta. This move is expected to generate around 1,000 new jobs in the region as Visa establishes a permanent office presence, with initial occupancy anticipated in Q4 2022. Cousins acquired the property in 2019 and plans significant renovations to enhance its appeal for multi-customer use following Norfolk Southern's move to a new headquarters.
Cousins Properties (NYSE: CUZ) has declared a cash dividend of $0.31 per common share for the third quarter of 2021. This dividend will be payable on October 15, 2021, to shareholders of record as of October 5, 2021. Established in 1958, Cousins Properties specializes in high-quality Class A office buildings in prime Sun Belt locations, enhancing shareholder value through strategic investments and management.
Cousins Properties (NYSE: CUZ) has completed three significant transactions in July 2021, enhancing its portfolio in key Sun Belt markets. The company sold One South at the Plaza in Charlotte for $271.5 million, currently 58% leased. It acquired 725 Ponce in Atlanta for $300.2 million, fully leased, and entered a joint venture to develop a mixed-use project in Nashville. The Nashville project will include 448,000 square feet of office and retail space plus 542 residential units, reflecting Cousins' commitment to quality growth in high-demand areas.