FORT WORTH-Cousins Properties Inc. has completed its previously announced buy of Greenway Plaza, a 10-building, 4.4 million-square-foot office portfolio in Houston, and 777 Main, a 980,000-square-foot class-A office tower in Fort Worth.
The deal has a gross purchase price of approximately $1.1 billion in cash, and the seller is Crescent Real Estate Holdings LLC, Fort Worth. Together, the properties comprise more than 5 million square feet. HFF brokered the transaction.
The 40-story, mirrored-glass high-rise in Ft. Worth was once known as Carter Burgess Plaza. It was built in 1982 and is one of Fort Worth's largest office properties and a significant piece of the city's the skyline. Tenants include Jacobs Engineering Group Inc., FTS International Services, the Petroleum Club and Crescent Real Estate's corporate headquarters.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
