AutoTrader.com Leases 9,000 sf at 122 West Carpenter; Firm Expands Southwest Regional Office, Keeps Las Colinas Address.Business Editors IRVING, Texas--(BUSINESS WIRE)--Dec. 30, 2002 Cousins Properties (NYSE NYSE See: New York Stock Exchange :CUZ CUZ Because cuz Cousin CUZ Cuzco, Peru - Tte Velazco Astete (Airport Code) ) announced today that AutoTrader.com, the leading Internet automotive classifieds marketplace, leased 9,000 square feet at 122 West Carpenter in Las Colinas Las Colinas is a developed area in the Dallas suburb of Irving, Texas. Due to its central location between Dallas and Fort Worth and its proximity to DFW Airport, Las Colinas has been a viable place in the Metroplex for corporate and business relocation. . AutoTrader.com, has had a presence in Las Colinas, the 12,000-acre master-planned business and residential community adjacent to Dallas/Fort Worth International Airport, since 2000. With the move, the Atlanta-based company is tripling the size of its southwest regional office, which serves a 10-state area with sales, an operations center and a call center. AutoTrader.com plans to occupy the space in January 2003. 122 West Carpenter is a six-story 218,000-sf Class A office building that is owned and managed by CMD CMD cerebromacular degeneration. Realty Investors and leased by Cousins Properties. The AutoTrader.com lease brings the building's occupancy to 88 percent. Proximity to D/FW D/FW Dallas Fort Worth Airport and its location in the center of the Dallas/Fort Worth Metroplex The Dallas–Fort Worth–Arlington metropolitan area, a title designated by the U.S. Census as of 2003, encompasses 12 counties within the U.S. state of Texas. The metropolitan area is further divided into two metropolitan divisions: Dallas–Plano–Irving influenced AutoTrader.com's decision to stay in Las Colinas. Likewise, location and convenience drew the company to 122 West Carpenter. "The building is easily accessible and very visible," said Craig Hunt, AutoTrader.com's regional director. "Additionally, the location is ideal, as it enables AutoTrader.com to be centrally located within the Metroplex, thus allowing us to serve our customer base more efficiently." "We are pleased to welcome such a successful, fast-growing company," said Bob Gibbons, vice president and regional manager of CMD Realty Investors. "At 122 West Carpenter, AutoTrader.com will have a great location, excellent exposure and a competitively priced, high-quality space, all of which will support their continued growth." Bill Knopick, vice president of leasing for Cousins, represented the landlord. Bruce Hecht, executive vice president for The Swearingen Company, represented AutoTrader.com. AutoTrader.com AutoTrader.com, created in 1997 and headquartered in Atlanta, is the Internet's leading automotive classifieds marketplace and a comprehensive consumer-information website. AutoTrader.com unites buyers and sellers online, dramatically improving the way people research, locate and advertise cars. Through its strategic alliances with Manheim Auctions, Trader Publishing Company, ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Inc., and America Online, AutoTrader.com maintains, in a single location, a comprehensive database of more than 2 million vehicle listings from 40,000 dealers and 250,000 private owners. Its website attracts more than 7 million unique visits each month. AutoTrader.com is a majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. of Manheim Auctions, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Cox Enterprises, Inc. For more information, please visit www.autotrader.com. CMD Realty Investors, L.P. Founded in 1902, CMD Realty Investors is a private real estate company that manages a portfolio of over 10 million square feet of suburban office space. The company's D/FW Metroplex portfolio comprises 3 million square feet in 18 buildings. For more information, please visit www.dallas.cmdrealty.com. Cousins Properties Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry, including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office and land development projects. The Company's portfolio consists of interests in 13.3 million square feet of office space, 3.3 million square feet of retail space and .9 million square feet of medical office space, and more than 300 acres of strategically located land for future commercial development. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 6.1 million square feet of office space. Cousins is a fully integrated equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) that has been public since 1962 and trades on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol "CUZ." For more information please visit www.cousinsproperties.com. |
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