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The acquisition strengthens CUZ's portfolio, potentially increasing revenues and attracting investors, similar to past successful acquisitions.
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Cousins Properties acquired Sail Tower in Austin for $521.8 million. The property is fully leased to a Fortune 20 company through 2038. CUZ's portfolio now includes 804,000 sq. ft. of premium office space. CUZ executed 114 leases for 1.6 million sq. ft. in 2024. Shares of CUZ rose 34.2%, outperforming the industry growth of 8.1%.
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