Colin Connolly Of Cousins Properties Acquires Office Building In Charlotte For $317.5 Million

Cousins Properties acquired a fully leased lifestyle office building located at 100 West 3rd Street in Charlotte, NC. The asset spans 638,000 square feet and was sold for a total price of $317,500,000, equating to a price per square foot of $498.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $317,500,000
• Buyer: Colin Connolly - Cousins Properties
• Market: Charlotte, NC
• Square Footage: 638,000
• Price per Square Foot: $498
• Lease Term: Six-year average

The deal was funded through a combination of asset sales, debt, and share settlements. It is expected to be immediately accretive, supporting growth in Charlotte’s strong market.