News
Atlanta Office

CUZ Sells North Point Office Park

Cousins has unloaded an Alpharetta office building to help fund its development pipeline. The Atlanta real estate firm announced that it sold North Point Center East, a four-building, 542k SF office campus next to North Point Mall that's home to Merrill Lynch Wealth Management and Medassets, for $92.3M, or more than $170/SF.

We first reported the firm's plans to sell the campus—along with The Points of Waterview in Dallas, which also sold—last summer. "With these sales complete, our development pipeline is fully funded," said Cousins CEO Larry Gellerstedt in a press release.

Cousins previously disclosed its development pipeline to include NCR Corp's build-to-suit HQ in Midtown; the $45M Research Park V development in Austin; Carolina Square—a $123M mixed-use project in Chapel Hill; and the build-to-suit for Dimensional Fund Advisors in Charlotte, which will house a 235k SF East Coast regional HQ for the financial firm.

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

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

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

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

Dewberry's Midtown Eyesore Quietly Resolves $75M Mortgage

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters