Cousins Pays $233M For Houston Office Complex

Law360, Houston (February 8, 2013, 4:11 PM EST) -- Cousins Properties Inc. has purchased a 1.3 million-square-foot office in Houston’s Galleria District from J.P. Morgan Asset Management Inc. for $232.6 million, expanding its holdings in Texas, the Atlanta-based real estate investment trust announced Friday.

The acquisition of Post Oak Central, which consists of three Class A office towers located along Post Oak Boulevard between Westheimer Road and San Felipe Street, is in line with Cousins’ efforts to boost its portfolio, according to CEO Larry Gellerstedt.

“The Post Oak Central transaction is an outstanding fit with...
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