Cousins Properties announced that it has acquired 300 South Tryon, a 638,000-square-foot lifestyle office property in Charlotte, for $317.5 million. Located in the Uptown submarket of Charlotte, 300 South Tryon was built in 2017 and is now 100 percent leased with a weighted average lease term of six years.
The acquisition will be funded with a combination of proceeds from noncore asset sales, debt financing and/or the settlement of common shares previously issued on a forward basis under Cousins’ ATM program. Cousins is under contract to sell Harborview Plaza in Tampa and a land parcel at 303 Tremont in Charlotte for combined gross proceeds of $63.2 million.
“We are excited to advance our external growth objectives with the off-market acquisition of 300 South Tryon, one of the premier assets in the heart of Uptown Charlotte,” said Colin Connolly, president and CEO at Cousins Properties. “This is a terrific time to grow our Charlotte portfolio as market fundamen
