Search
 

Cousins Pays $22M for Two-Building Buyout

ALPHARETTA, GA-The Atlanta-based REIT pays a Cousins-Prudential joint venture about $86.15 per sf for the 100 and 200 North Point Center East buildings in which Cousins already held an 11.5% ownership interest.

By Alex Finkelstein | Updated on December 18, 2003

ALPAHRETTA, GA-Looking to grow its ownership presence near the 1.5-million-sf North Point Mall in North Fulton County, Cousins Properties Inc. has purchased the 100 and 200 North Point Center East buildings in this Atlanta suburb for $22.4 million, or about $86.15 per sf.

The properties were bought from a joint venture of Cousins and Prudential Real Estate Investors. Cousins already held an 11.5% interest in the buildings. Cousins and PREI remain partners in nine other office and retail ventures, according to Mark Russell, the company’s vice president and director of investor relations.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.