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Cousins Properties sells retail centers

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Sept 30, 2013

Cousins Properties said Monday it sold a Missouri shopping center and sold its portions in two retail joint ventures as it puts more of its focus on high-end office buildings and “opportunistic” mixed-use projects.

The Atlanta-based real estate investment and management company said it sold Tiffany Springs MarketCenter in metro Kansas City for $54 million. Cousins also said it sold its interests in two joint ventures, which collectively owned eight retail centers in four markets, in a transaction valued at $57 million. Cousins previous owned 11 percent of the partnerships, and sold the interests to its partner, Prudential Insurance Company of America.

About the Author

J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.

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