COUSINS PROPERTIES ANNOUNCES FULL BUILDING LEASE WITH AMAZON AT DOMAIN 9 DEVELOPMENT IN AUSTIN
ATLANTA, Dec. 21, 2021
ATLANTA, Dec. 21, 2021 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has signed a 330,000 square foot lease with Amazon to occupy 100% of its Domain 9 development in Austin. Amazon employs more than 3,000 people in Austin and currently leases space at several other Cousins assets within the Domain submarket. Amazon plans to occupy the new space in Domain 9 in three phases beginning in the first quarter of 2024.
"Demand for office space at the Domain is as strong as it has ever been. With the addition of this new development, our 2.5 million square foot Domain portfolio is 99.7% leased," said Colin Connolly, President and Chief Executive Officer of Cousins Properties. "We have additional sites that can accommodate at least another 1.5 million square feet of new development in the Domain submarket. Our team has been working diligently on plans for Domain Central, situated in the core of the submarket, which will be a multi-phased project and the next step of our growth in the Domain."
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
Vice President, Finance and Investor Relations
404-407-1104
rimbeaux@cousins.com
View original content:https://www.prnewswire.com/news-releases/cousins-properties-announces-full-building-lease-with-amazon-at-domain-9-development-in-austin-301448781.html
SOURCE Cousins Properties
Cousins Properties
Symbol: CUZ
CIK: 25232
Exchange: NYSE
Founded: 1958 (66 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $22.16
High: $22.36
Low: $21.99
Open: $22.06
Previous Close: $22.04
Volume: 662,635
52-Week High: $24.52
52-Week Low: $16.93
Last updated: 2024-04-20 - v1.3