News
Atlanta Commercial Real Estate

Looking Up at Terminus

Last evening we Terminus 200, where things are looking up. Late last week Terminus developer Cousins Properties announced it has formed a new joint venture with a Morgan Stanley Real Estate fund that's successfully recapitalized the 25-story, 564K SF tower at Peachtree and Piedmont. Cousins further strengthened Terminus 200?s financial position by restructuring its construction loan. These actions were key as the REIT completed negotiations with law firm Greenberg Traurig, which took the tower?s top five floors. The Greenberg deal and others had slowed as finances were worked out. ?We're confident this restructuring will lead to the announcement of additional leases in the coming weeks,? Cousins CEO Larry Gellerstedt  says.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Emory Takes Over Proton Center For $82M: The Atlanta Deal Sheet