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Cousins Properties wraps up $208M sale of Orlando, Fla., office portfolio

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Cousins Properties wraps up $208M sale of Orlando, Fla., office portfolio

Cousins Properties Inc. closed on its $208.1 million sale of a 1 million-square-foot office portfolio in Orlando, Fla., and exited Miami with the sale of its stake in a joint venture asset, bringing its gross proceeds from property dispositions in 2017 to about $558 million.

The company said the Orlando portfolio, which comprises Bank of America Center, Citrus Center and One Orlando Centre, was sold to a single buyer.

Cousins divested its 20% stake in the 343,000-square-foot Courvoisier Centre in Miami to its joint venture partner. The stake sale was valued at $33.9 million, including Cousins' share of joint venture debt.