Real Estate Firm Cousins Properties Secures Office Property in Uptown Dallas with a Lifestyle Focus
Cousins Properties, a leading real estate investment trust (REIT) based in Atlanta, GA, has announced the acquisition of The Link, a 292,000 square foot lifestyle office property located in the vibrant Uptown submarket of Dallas. The property was purchased for approximately $218 million, translating to around $747 per square foot.
The acquisition, which was funded through a combination of excess proceeds from Cousins' unsecured senior note offering in Q2 2025, settlement of common shares previously issued under the company's ATM (at-the-market) program, and potential future asset dispositions, is expected to be accretive to earnings and enhance Cousins' portfolio and geographic concentration.
The Link, built in 2021, is currently 93.6% leased with a weighted average lease term of over nine years, indicating a stable, long-term tenant base. This acquisition aligns with Cousins’ broader investment approach centered on trophy assets and opportunistic acquisitions in major Sun Belt metropolitan areas.
"We are excited about growing our presence in Dallas and the Uptown submarket," said Colin Connolly, President and CEO of Cousins Properties. The acquisition strengthens Cousins Properties' footprint in a key, fast-growing submarket and reinforces the company's focus on high-growth Sun Belt office properties.
Roni Imbeaux, Vice President of Finance and Investor Relations at Cousins Properties, can be reached at 404-407-1104 or [email protected]. For more information, please visit the Investor Relations page on Cousins' website. The press release about the acquisition can be found at this link.
Cousins Properties primarily invests in Class A office buildings located in high-growth Sun Belt markets. The company has a comprehensive strategy in place based on a simple platform, trophy assets, and opportunistic investments.
[1] Cision PR Newswire [2] Cousins Properties press release [3] Cousins Properties Investor Relations page [4] Dallas Business Journal [5] GlobeSt.com
- The acquisition of The Link, a premium office property in Dallas' Uptown submarket, is part of Cousins Properties' strategy to invest in trophy assets and high-growth Sun Belt markets.
- Roni Imbeaux, Vice President of Finance and Investor Relations at Cousins Properties, provides updates on the company's financial situation and investment activities, which can be reached at 404-407-1104 or [email protected].
- The $218 million acquisition of The Link, with a focus on finance and investing, is expected to strengthen Cousins Properties' business portfolio and real-estate holdings, as well as provide news about long-term earning potential and geographic concentration.
