Greenway Plaza’s Kissing Cousins

by CoyDavidson on July 29, 2013

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Greenway Plaza Set for High Profile Sale

Atlanta based Cousins Properties announced today they has signed a definitive agreement to acquire Greenway Plaza, a 10-building, 4.4 million-square-foot office portfolio in Houston, and 777 Main Street, a 980,000-square-foot Class-A office tower in Fort Worth, Texas, for a total purchase price of approximately $1.1 billion in cash from a joint venture operated by Crescent Real Estate Holdings LLC. The Atlanta based real estate investor/developer characterized the transaction as its biggest ever.

A sale of Greenway Plaza is the latest in a string of trophy office property sales in Houston over the last couple of years as the city has gained preferred investor status.

News of the proposed sale broke late this afternoon:

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