FORT WORTH-Cousins Properties of Atlanta has signed a definitive agreement with Crescent Real Estate Equities LP to pay $1.1 billion for two Texas class A office assets. Under contract are the 980,000-square-foot 777 Main Street here, and the 10-building, 4.4 million-square-foot Greenway Plaza portfolio.

The deal is anticipated to close in September 2013. JP Morgan Securities, LLC served as the Company's exclusive financial advisor on the acquisition.

“Greenway Plaza and 777 Main Street are an excellent fit with our portfolio as they are high-quality urban properties with embedded NOI growth and future development potential,” says Larry Gellerstedt, President and Chief Executive Officer of Cousins. “Not only do we expect this transaction to be transformative and accretive, it immediately expands our Texas platform and provides substantial geographic diversification at a significant discount to replacement cost.”