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materiality 0.65
Cousins Properties signs 328K sq ft lease for Apache Corp HQ at Briarlake Plaza
COUSINS PROPERTIES INC
- Apache Corporation will relocate its global headquarters to Briarlake Plaza in Houston, expanding from 210K sq ft to 328K sq ft.
- New lease expires in 2038; Apache will occupy expansion space by early 2024.
- Apache is a Fortune 500 oil and gas exploration and production company; Cousins acquired the property via TIER REIT in 2019.
- No financial terms (rent, incentives) disclosed in the press release.