Cousins Properties sells retail centers

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.

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