Craig Kaser Joins Cousins Properties as Senior Vice President in Retail Division.ATLANTA--(BUSINESS WIRE)--Aug. 20, 1998--Cousins Properties Incorporated (NYSE NYSE See: New York Stock Exchange :CUZ CUZ Because cuz Cousin CUZ Cuzco, Peru - Tte Velazco Astete (Airport Code) ), one of the largest diversified real estate development companies in the U.S., today announced that Craig N. Kaser has joined the Company as Senior Vice President - The Avenues, with responsibility for merchandising and leasing Cousins' new "Avenue" concept retail portfolio and for generating new "Avenue" development opportunities nationwide. Mr. Kaser brings to Cousins more than 20 years experience in retail leasing, management, marketing and asset management. For the last three years he has been a consultant on behalf of Ben Carter Properties, heading the merchandising and leasing efforts for The Mall of Georgia Mall of Georgia is an enclosed shopping mall in Buford, a suburb of Atlanta, Georgia, United States. Built in 1999, it is currently the largest shopping mall in the state of Georgia[1], comprising more than two hundred stores on three levels. , a 1.5 million square-foot regional mall in Gwinnett County, one of the fastest growing markets in the metropolitan Atlanta MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. . In this capacity he participated in the design and merchandising strategy and was responsible for attracting new retailers to the Atlanta market. Previous associations include Carter & Associates; CNM CNM Certified Nurse-Midwife; see nurse-midwife. CNM abbr. Certified Nurse Midwife Associates; and Backstage Pass A backstage pass is an employee pass which allows its bearer access to employees-only areas at a performance venue. They are most commonly associated with rock music groups. , Inc., all in Atlanta; The Equity Group, Chicago, Illinois; Paramount Group, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York; Crown American in Johnstown, Pennsylvania; and METLIFE Investments and Primerica in New York. He has been involved in markets throughout the U.S. "Craig is a well-regarded shopping center professional with a reputation for value enhancement and creative approaches to merchandising," said Joel T. Murphy, president of Cousins MarketCenters, the retail division of Cousins Properties. "We're extremely pleased that he has elected to join us and look forward to his leadership in helping us roll out our new `Avenue' concept developments nationwide." The "Avenue" is a combination of specialty national and local retailers and select restaurants integrated into convenient, upscale, open-air settings in affluent neighborhoods that do not have easy access to quality mall shopping. Cousins has two `Avenue' projects under development, The Avenue East Cobb Avenue East Cobb is an open-air regional lifestyle shopping center in suburban Marietta, Georgia outside Atlanta, Georgia. Anchors none Notable Stores
List of shopping malls in Georgia , located near the intersection of State Highway 120 and Johnson Ferry Road in Atlanta, and The Avenue of the Peninsula in Rolling Hills, California Rolling Hills is a city in Los Angeles County, California, United States. As of the 2000 census, the city population was 1,871. According to the 2000 US Census, Rolling Hills is the 21st richest place in the United States (based upon per capita income), and #4 for places with a . These two projects are slated to open in third quarter 1999 and fourth quarter 1999, respectively. These "Avenue" developments have attracted such retailers as Abercrombie & Fitch, Ann Taylor, Banana Republic, Bath & Body Works, Borders Books & Music, Chico's, Corner Bakery, Eddie Bauer, Footlocker, Gap/GapKids/babyGap, Gymboree, Harold's, Johnny Rockets, Lady Footlocker, Pottery Barn, Smith & Hawken, Crabtree & Evelyn, Bombay Company, Victoria's Secret, and Williams-Sonoma, among others, as well as several fine restaurants. Murphy added, "In developing this retail concept, our market research indicated that the consumer base we were targeting wanted more convenient access to upscale retailers without having to go to a mall. Our retailers are extremely enthusiastic about these pedestrian-friendly `intercept' locations and their ability to capture sales outside an enclosed regional mall environment." Based in Atlanta, Cousins Properties Incorporated 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 Companys portfolio consists of interests in 8.6 million square feet of office space, 3.4 million square feet of retail space and .6 million square feet of medical office space, and over 400 acres of land for future commercial development. 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."
CONTACT: Cousins Properties Inc., Atlanta
Investment Community:
George T. Olmstead Jr., 770/857-2507
GeorgeOlmstead@cousins-cuz.com
or
Media:
Lisa R. Simmons, 770/857-2548
LisaSimmons@cousins-cuz.com
Web Site address: www.cousins-cuz.com
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