Reported Oct 30, 2026 · Source: The Motley Fool
Cousins Properties acquired 2401 McKinney with a $50 million initial investment for a 97.5% interest in a 2.3-acre development site in Uptown Dallas. The company is advancing predevelopment for a new office tower on the site. The seller was not named. Source: The Motley Fool.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at The Motley Fool. What the article says:
Acquisition of 2401 McKinney -- $50 million initial investment for a 97.5% interest in a 2.3-acre development site in Uptown Dallas.
The company is advancing predevelopment efforts for a new trophy office tower in Dallas: Connolly noted, "We believe 2401 McKinney is simply the best site in the city and an extraordinary opportunity for Cousins."
Cousins Properties Incorporated (CUZ +1.58%) reported third quarter results characterized by significant growth in same-property cash NOI and a five-year high in second-generation rent roll-ups.
We bought this in a joint venture with Trammell Crow Company, of which we are 97.5% of the venture.
Article date: 2026-10-30T19:26:02Z
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