Cousins Properties Sells 172,854 Square Foot Office Building In Austin For Unspecified Amount

The transaction involved the sale of Research Park Plaza V, a Class A office building located at 12301 Research Boulevard in Austin, TX. The building encompasses a total area of 172,854 square feet and was constructed in 2015. At the time of the transaction, the property was 85% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 12301 Research Boulevard
• Market: Austin, TX
• Seller: Colin Connolly - Cousins Properties
• Brokers: Ryan Stevens, Drew Fuller & Jeff Coddington - JLL

JLL Capital Markets facilitated the sale on behalf of the seller, representing Cousins Properties in the transaction. The buyer’s identity remains undisclosed, emphasizing a level of confidentiality surrounding the deal.