8-K
Cousins Properties Inc (CUZ)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 1, 2022
Cousins Properties Incorporated
(Exact name of registrant as specified in its charter)
Georgia 001-11312 58-0869052
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification Number)
3344 Peachtree Road NE, Suite 1800, Atlanta, Georgia 30326-4802
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (404) 407-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | |
|---|---|---|---|
| Common Stock, $1 par value per share | CUZ | New York Stock Exchange | ("NYSE") |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the securities Act of 1933 (§230.405 of this chapter) or Rule 12b-12 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On December 1, 2022, Cousins Properties Incorporated (the "Company") issued a press release announcing it has executed a 328,000 square foot lease for the new Apache Corporation headquarters in Houston, Texas. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is available at www.cousins.com.
This press release shall not be deemed "filed" with the Securities and Exchange Commission; nor incorporated by reference in any registration statement filed by the Company under the Securities Act of 1993, as amended.
Item 9.01. Financial Statements and Exhibits.
(a) Exhibits
Exhibit Number Exhibit Description
| 99.1 | December 2022 Apache Lease Press Release |
|---|
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: December 1, 2022
COUSINS PROPERTIES INCORPORATED
| By: | /s/ Pamela F. Roper |
|---|
Pamela F. Roper
Executive Vice President, General Counsel, and Corporate Secretary
apacheleaseannouncement1
CONTACT: Roni Imbeaux Vice President, Finance and Investor Relations 404-407-1104 rimbeaux@cousins.com COUSINS PROPERTIES ANNOUNCES 328,000 SQUARE FOOT LEASE FOR NEW APACHE CORPORATION HEADQUARTERS AT BRIARLAKE PLAZA IN HOUSTON ATLANTA (December 1, 2022) — Cousins Properties (NYSE: CUZ) announced today that it has executed an early lease renewal and expansion with Apache Corporation for a total of 328,000 square feet at its Briarlake Plaza property in Houston. Apache will relocate its global headquarters to the property, where it currently leases 210,000 square feet that was set to expire in late 2024. The new lease will expire in 2038. Apache is expected to occupy its expansion space by early 2024. Cousins acquired Briarlake Plaza in the Westchase submarket of Houston through the acquisition of TIER REIT Inc. in 2019. The two building property is well located within the Memorial Corridor with on-site dining amenities, fitness and conferences centers, and access to unique outdoor spaces. “We are excited to move our corporate headquarters to Briarlake Plaza,” said Mark Maddox, Apache Corporation’s SVP of Administration. “The customized space we will build out at Briarlake will facilitate employee connection, reduce drive times for the majority of our employees, and enhance the employee workplace experience. Once complete, the new Apache office will feature a variety of collaboration spaces, state-of-the-art technology, and numerous employee amenities." “We are pleased to welcome Apache Corporation, a Fortune 500 oil and gas exploration and production company, to Briarlake Plaza,” said Colin Connolly, President and Chief Executive Officer of Cousins Properties. “This corporate headquarters relocation highlights the importance of premier workplaces in fostering employee collaboration and enhancing company culture.” About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. For more information, please visit www.cousins.com. News Release