Cousins Properties acquires lifestyle office property in Dallas for $218M

Cousins Properties (CUZ) has acquired The Link, a 292,000 square foot lifestyle office property in Dallas, for $218M. Located in the Uptown submarket of Dallas, the Link was built in 2021 and is currently 93.6% leased with a weighted average lease term of over nine years. The acquisition will be funded with a combination of excess proceeds from Cousins’ unsecured senior note offering during the second quarter as well as the settlement of common shares previously issued on a forward basis under the company’s ATM program and/or potential future asset dispositions.