Cousins Puts Up $102.4M For Austin Office Tower

Law360, New York (April 26, 2013, 4:35 PM EDT) -- Flush with cash from a recent stock offering, Cousins Properties Inc. has closed on its $102.4 million deal to purchase an Austin, Texas, office tower from Lehman Brothers Holdings Inc., according to a Thursday statement.

Per the deal, Cousins is paying $236 per square foot to add the prized downtown Class A property at 816 Congress Ave. to its portfolio, according to a statement. While Cousins did not disclose the seller, 816 Congress had most recently been a part of Thomas Properties Group Inc.'s portfolio and...
To view the full article, register now.