ATLANTA--(BUSINESS WIRE)--
Cousins Properties Incorporated (NYSE: CUZ) announced today that it has
signed a 68,315 square foot lease at Northpark Town Center in Atlanta,
GA with Veritiv Corporation (NYSE: VRTV), a $9.5 billion Fortune 500
company.
Veritiv is a North American leader in business-to-business distribution
solutions, serving customers across nearly every industry providing
packaging, facility, publishing and print management solutions. The
company is establishing its executive offices, including company
leadership and other key corporate functions, at Northpark Town Center.
With the addition of Veritiv, Northpark Town Center is now 91% leased,
up from 87% at the time Cousins acquired the Class-A office complex in
October 2014. Veritiv plans to take occupancy in the spring of 2015.
“Veritiv is a wonderful addition to our strong customer base at
Northpark, which is now home to 19 Fortune 500 companies,” said Larry
Gellerstedt, president and chief executive officer of Cousins.
“Veritiv’s desire to be centrally located with close proximity to MARTA
validates Northpark’s competitive advantage in the Central Perimeter
submarket of Atlanta.”
“We are pleased to bring our executive offices to the Perimeter Center
area of Atlanta and Northpark Town Center. The location will allow us to
plan for growth as needed and allows our employees a location with
access to MARTA and key transportation hubs,” said Mary Laschinger,
Chairman of the Board and Chief Executive Offer of Veritiv.
Veritiv was represented in the lease negotiations by CBRE’s Sam Holmes,
John Shlesinger and Ellen Stern.
About Cousins Properties Incorporated
Cousins Properties Incorporated is a fully integrated, self-administered
and self-managed real estate investment trust (REIT). The Company, based
in Atlanta, GA, primarily invests in Class-A office assets located in
high growth Sunbelt markets, with a focus on Georgia, Texas and North
Carolina. The Company has a comprehensive strategy in place based on a
simple platform, trophy assets and opportunistic investments. For more
information, please visit www.cousinsproperties.com.
About Veritiv
Veritiv Corporation (NYSE: VRTV), with executive offices in Atlanta, is
a North American leader in business-to-business distribution solutions.
Serving customers across virtually every industry, Veritiv provides
print, packaging, facility and logistics solutions that help shape the
success of its customers. Established in 2014, following the merger of
International Paper Company’s xpedx division and Unisource Worldwide,
the company employs approximately 9,500 team members across more than
170 distribution centers throughout the U.S., Mexico and Canada. For
more information about Veritiv and its business segments visit www.veritiv.com.
Cousins Properties Incorporated
Marli Quesinberry, 404-407-1898
Director,
Investor Relations
marliquesinberry@cousinsproperties.com
Source: Cousins Properties Incorporated