ATLANTA, July 15, 2015 /PRNewswire/ -- Cousins Properties Incorporated (NYSE :CUZ ) announced today that it has signed a 15-year build-to-suit lease with NCR Corporation (NYSE :NCR ), a leader in consumer transaction technologies, for the company's world headquarters building. Cousins will develop and own the approximately $200 million, 485,000 square foot building located in the Midtown submarket of Atlanta which is 100 percent pre-leased to NCR.
"We are thrilled to be working with NCR to build their world headquarters in Midtown Atlanta," said Larry Gellerstedt, President and Chief Executive Officer of Cousins Properties. "This is an exceptional opportunity for Cousins to develop and own a cutting edge, skyline-enhancing trophy tower in Atlanta's leading technology district."
Cousins has closed on the new office tower site located in the Technology Square area of Midtown which is adjacent to Georgia Tech University. Construction is anticipated to commence in the first quarter of 2016, and delivery is targeted for early 2018.
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 NCR Corporation
NCR Corporation (NYSE :NCR ) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
Director, Investor Relations
SOURCE Cousins Properties Incorporated