Proscenium Office Building Acquired by Cousins and Town Lane
Acquisition of Proscenium by Cousins Properties and Town Lane Proscenium has been acquired according announcements from Cousins Properties (NYSE: CUZ) and Town Lane. The structure in Midtown Atlanta is Class A office space. Found at 14th and Peachtree streets, it covers 526,000 square feet. A joint venture brought this acquisition together. Cousins owns twenty percent of the venture; Town Lane owns eighty percent. The deal was done in all-cash and came out to be $83 million. This
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