Thursday, May 5, 2011
Cousins Announces New Tenant lease at Terminus 200 Buckhead, GA Office Tower Nearing 85 Percent Leased
ATLANTA, GA (May 5, 2011) – Cousins Properties Incorporated (NYSE: CUZ) announced today that global consulting firm North Highland has signed a 69,922 square foot lease at Terminus 200 (top left photo) in Buckhead, bringing the office tower to 84 percent leased.
The expanding consulting firm, currently headquartered at 550 Pharr Road in Buckhead, is scheduled to relocate by November 2011.
"In just over a year, Terminus 200 went from 10 percent leased to close to 90 percent leased," said Cousins President and CEO Larry Gellerstedt (middle right photo).
"Terminus 200 continues to benefit from office tenants seeking to trade-up to quality properties with proven management and trusted ownership during an uncertain economic climate. The addition of North Highland as another top class tenant at Terminus 200 will strengthen the property's position as one of Buckhead's premiere office towers for years to come."
North Highland affiliates, Sparks Grove Inc., a marketing strategy agency, and TrueBridge Resources, a staffing firm, will also move into the newly leased space. They join a number of companies who have recently signed leases at Terminus 200, including: Kids II Inc., Greenberg Traurig, LLP, Sony Ericsson and Fitzgerald+CO.
“North Highland’s strong double digit growth in the global consulting arena has created the need for more space for our global headquarters.
"We are continuing to hire a significant number of experienced consultants, and the Terminus building provides us with the needed facilities to help support the ongoing growth of our company,” said North Highland CEO Dan Reardon (lower left photo).
Brad Armstrong and Chris Wagner of Jones Lang LaSalle represented North Highland in the deal.
Located at the intersection of Peachtree and Piedmont roads in the Buckhead office submarket, Terminus 200 is a Gold-level LEED Certified, 25-story, 564,000-square-foot tower of Class A office, retail and restaurant space. The property is owned by Cousins in partnership with Morgan Stanley.
For more information, please visit North Highland online at http://www.northhighland.com/
Media Contact: Bryan Long, Jackson Spalding, (404) 724-2501; firstname.lastname@example.org
Matt Scofield, Jackson Spalding for Cousins, P 404.214.3554