Town Lane And Cousins Properties Acquire 526,000 Sq Ft Class A Office Building Proscenium In Midtown Atlanta For $83M; Joint Venture With Town Lane Owning 80% And Cousins 20%; Cousins To Provide Property Management And Leasing Services
Portfolio Pulse from Benzinga Newsdesk
Town Lane and Cousins Properties have acquired a 526,000 sq ft Class A office building, Proscenium, in Midtown Atlanta for $83 million. The joint venture involves Town Lane owning 80% and Cousins Properties owning 20%. Cousins will also provide property management and leasing services.

August 01, 2024 | 8:41 pm
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Cousins Properties has acquired a 20% stake in the Proscenium office building in Midtown Atlanta and will provide property management and leasing services.
The acquisition and management role in a prime Midtown Atlanta property is likely to positively impact Cousins Properties' stock in the short term due to the potential for increased revenue from property management and leasing services.
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