Cousins Properties, Town Lane JV Pays $83M ($157.34psf) for the 24-story, 527K SF office building, Proscenium, in Atlanta

  • 8/2/2024

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A joint venture between Cousins Properties and Town Lane has paid approximately $83 million for Proscenium, a 526,000-square-foot office building in Midtown, Ga., an Atlanta suburb. Manulife Investment Management was the previous owner, according to CommercialEdge information. Town Lane owns 80 percent of the venture and Cousins the remaining 20 percent. The latter will also provide property management and leasing services.

Manulife Investment Management (Manulife IM)
Jessica Harrison | Head of Transactions & Capital Markets, Real Estate Equity, U.S.
Town Lane
Tyler Henritze | Founder & Managing Partner
Cousins Properties (NYSE: CUZ)
Kennedy Hicks | EVP, CIO & Managing Director

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