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Town Lane and Cousins Properties Announce Acquisition and Planned Modernization of Proscenium in Midtown Atlanta

Aug 01, 2024almost 2 years ago

Contract Type

partnership

AtlantaReal EstateReal Estate Investment

Description

Town Lane and Cousins Properties have acquired the 526,000 square foot Proscenium office building in Midtown Atlanta for approximately $83 million through a joint venture. They plan to make significant capital upgrades to modernize and reposition the building, aiming to deliver a first-class office experience.

Company Information

Company

Cousins Properties

Location

Atlanta, Georgia, United States

About

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT) based in Atlanta, GA. Through its operating partnership, Cousins Properties LP, the company primarily invests in Class A office buildings located in high growth Sun Belt markets. With a history dating back to 1958, Cousins creates shareholder value through expertise in development, acquisition, leasing, and management of high-quality real estate assets. The company has a comprehensive strategy focusing on a simple platform, trophy assets, and opportunistic investments.

Predictive Intelligence
Strategic

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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