REIT BLOGREIT DIRECTORYREIT LINKSABOUT USCONTACT

Featured REITs & Sponsors

Home · Diversified · Cousins Announces New Retailers at Tiffany Springs MarketCenter

REIT Media Metrics

Press Releases
1,164

Public REITs Indexed
131

Cousins Announces New Retailers at Tiffany Springs MarketCenter

ATLANTA, GA (REIT Media) February 29, 2008 - Cousins Properties Incorporated (NYSE: CUZ) announced today a list of retailers and restaurants that have signed leases at Tiffany Springs MarketCenter, a 585,000-square-foot power center at the intersection of Interstate 29 and State Highway 152 in Kansas City, Missouri. The project, Cousins first in Kansas City, will eventually be home to more than 50 retailers and restaurants and is expected to open in the third quarter of 2008.

The newly announced commitments at Tiffany Springs MarketCenter include JCPenney, Famous Footwear, Great Clips, Jasons Deli, Justice, Lifeway Christian Bookstore, PetsMart and ProfessioNail. Previously announced retailers include Target, The Home Depot, Best Buy, Ulta and The Sports Authority. Tiffany Springs MarketCenter is 87 percent committed overall.

These new commitments are big additions to the already impressive retailer list weve put together at Tiffany Springs, said Joel Murphy, president of Cousins Retail Division. This project should prove to be a great regional draw with strong anchors generating customer traffic from all around this growing area.

Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, multi-family, retail, industrial and land development projects. The Companys portfolio consists of interests in 7.7 million square feet of office space, 4.8 million square feet of retail space, 2.0 million square feet of industrial space, 737 for-sale units in three under-development multi-family projects, 24 residential communities under development, over 9,000 acres of strategically located land tracts, and significant land holdings for development of single-family residential communities. The Company also provides leasing and management services to third-party investors; its client-services portfolio comprises 12 million square feet of office and retail space. The Company is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol CUZ. For more information on the Company, please visit its Web site at www.cousinsproperties.com.

Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to, general and local economic conditions, local real estate conditions (including the overall condition of the residential market), the activity of others developing competitive projects, the risks associated with development projects (such as delay, cost overruns and leasing/sales risk of new properties), the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Companys ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the ability of the Company to close properties under contract and other risks detailed from time to time in the Companys filings with the Securities and Exchange Commission, including the Companys Annual Report on Form 10-K for the year ended December 31, 2007. The words believes, expects, anticipates, estimates and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.


Contact:
Cousins Properties Incorporated
Investment Community:
Elli Kaplan, Vice President, 404-407-1972
ellikaplan@cousinsproperties.com
or
Media:
Matt Gove, Vice President, 404-407-1490
mattgove@cousinsproperties.com
www.cousinsproperties.com

Source: Cousins Properties Incorporated

Share It: Share It Digg Share It Netscape Share It Newsvine Share It Reddit   Bookmark It: Bookmark It Del.icio.us Bookmark It Google Bookmark It MyWeb Bookmark It Technorati

Feb.29.2008. 09:30

This article hasn't been commented yet.

Write a comment

* = required field

:

:

:


3 + 5 =