Cousins Properties acquires 300 South Tryon in Charlotte for $317.5M

COUSINS PROPERTIES INC

Acquired 638,000 sq ft lifestyle office in Uptown Charlotte for $317.5M; 100% leased with 6-year WALT.
Property built in 2017; acquisition funded via asset sale proceeds, debt, and/or ATM share settlement.
Also under contract to sell Harborview Plaza (Tampa) and 303 Tremont (Charlotte) for combined $63.2M.
CEO Colin Connolly says deal is immediately accretive to earnings and strengthens future cash flows.

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