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Cousins Properties has paid $218 million for The Link, a 292,000-square-foot lifestyle office building in Dallas, to Kaizen Development Partners. Newmark brokered the transaction, the largest of its kind in the market this year so far.

At the time of sale, the high-rise was 93.6 percent leased with a weighted average lease term of more than nine years. The tenant roster includes Houlihan Lokey, PMG and McGuireWoods.

The buyer financed the acquisition using excess proceeds from its unsecured senior note issuance during the second quarter, along with proceeds from the settlement of previously forward-issued common shares.