Cousins Properties Finalizes Major Acquisition in Austin with Sail Tower Purchase
Cousins Properties Completes Sail Tower Acquisition in Austin
Cousins Properties (NYSE: CUZ), a prominent real estate investment trust based in Atlanta, has announced the completion of its acquisition of the Sail Tower, an impressive office property in Austin, Texas. This acquisition, valued at $521.8 million, adds 804,000 square feet of prime office space to Cousins' portfolio, reinforcing the company’s presence in the booming Sun Belt market.
An Insight into Sail Tower
Sail Tower is celebrated for its
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