Cousins Leases 100,100 Square Feet to Flowserve at the Towers at Williams Square.Business Editors IRVING, Texas--(BUSINESS WIRE)--June 9, 2003 Flowserve moves corporate headquarters and confirms commitment to Las Colinas Urban Center Cousins Properties Incorporated (NYSE NYSE See: New York Stock Exchange :CUZ CUZ Because cuz Cousin CUZ Cuzco, Peru - Tte Velazco Astete (Airport Code) ) announced today that Flowserve Corporation (NYSE:FLS FLS Falls FLS Forward Looking SONAR FLS Front Line States FLS First Level Support (helpdesk) FLS Fire Life Safety FLS Fatty Liver Syndrome (hepatic lipidosis) FLS Foreign Language School ) has signed a lease for 100,100 square feet, relocating its corporate headquarters to The Towers at Williams Square. The lease covers approximately four floors in the complex's central tower. Flowserve, one of the world's leading providers of industrial flow-management services with almost $2.3 billion in 2002 sales, has been located in the Las Colinas Urban Center since 1998. The transaction was completed in May and will become effective in January 2004. The prestigious Towers at Williams Square, a four-building, 1.4 million-square-foot Class A+ office complex in the Las Colinas Urban Center, is widely considered to be in the top tier of 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 office projects. It is owned by TIAA TIAA Teachers Insurance and Annuity Association TIAA Travel Industry Association of America TIAA This Is An Acronym TIAA Texas Insurance Advisory Association (statistical reporting agency in Texas) TIAA Total Inactive Aircraft Authorization Realty, Inc. a subsidiary of Teachers Insurance and Annuity Association of America, and leased and managed by Cousins Properties. "Flowserve gave the Las Colinas Urban Center a strong vote of confidence when they chose The Towers at Williams Square for their headquarters," said Mark Dickenson, senior vice president of leasing for Cousins Properties. "We were able to complete an excellent deal with an outstanding company, and look forward to exceeding their expectations for service and quality." Mark Dickenson represented the landlord. Jeff Ellerman, senior vice president and Kelley Kackley, vice president for the Staubach Company, represented Flowserve Corporation. Flowserve Corporation Flowserve Corporation (NYSE:FLS) is one of the world's leading providers of industrial flow management services with 2002 sales of almost $2.3 billion. Flowserve has about 14,000 employees and operates in 56 countries through three divisions: the Pump Division, the Flow Control Division, and the Flow Solutions Division. The company produces engineered and industrial pumps for the process industries, precision mechanical seals, automated and manual quarter-turn valves, control valves and valve actuators, and provides a range of related flow-management services. For more information, please visit www.flowserve.com. TIAA Realty, Inc. TIAA Realty, Inc. is 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 Teachers Insurance and Annuity Association of America. Teachers Insurance and Annuity Association of America is a part of TIAA-CREF TIAA-CREF Teachers Insurance and Annuity Association - College Retirement Equities Fund , one of America's leading financial services organizations. With over $274 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , TIAA-CREF manages one of the world's largest retirement systems, covering more than two million individuals at over 11,000 U.S. colleges, universities and related education and research organizations. It also serves the general public by offering high-quality, low-cost mutual funds, annuities, IRAs, insurance, trust services and state-sponsored college savings programs. TIAA is the third-largest U.S. life insurance company; CREF CREF College Retirement Equities Fund CREF Cross Reference CREF Connection Refused CREF Computer Ready Electronic Files CREF Capital Region Energy Forum CREF Computer Resources Evaluation Facility CREF Centre de Recherche en Ecologie et Forestrie is one of the nation's largest variable annuity providers. For more information, please visit www.tiaacref.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 14.2 million square feet of office and medical office space, 2.8 million square feet of retail 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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