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Brookdale Group Named Buyer of 777 Main

WASHINGTON DC 09.28.2017

WASHINGTON DC STATE OF OFFICE

Development, Design, Finance & Investment, Tenant Demands, and Asset Management

Paul DeMartini -- Tishman Speyer
Brandon Ernst -- Lincoln Property Company
Chuck Watters -- Hines
Brookdale Group Named Buyer of 777 Main

Cousins Properties closed its $167M sale of 777 Main in Fort Worth to Atlanta-based Brookdale Group, a Cousins spokeswoman tells us. We told you about the deal last month, but no buyer or price tag had been released. Brookdale is no stranger to the Metroplex as the owner of The Towers at Williams Square (1.4M SF in Las Colinas), which it purchased in 2012 from TIAA-CREF. Brookdale also owns almost three acres in the Legacy area along the Upper Tollway in Dallas. 777 Main (980k SF) was purchased by Cousins as part of a $1.1B portfolio deal from Crescent Real Estate Holdings in July 2013. The 75% occupied office tower is valued at $120M by the Tarrant County Appraisal District.