Cousins and Hines to Develop 100 Mill In Downtown Tempe
Cousins has a 90% ownership interest and Hines has a 10% ownership interest in the joint venture developing the project. Located on the southwest corner of Mill Avenue and Rio Salado Parkway and adjacent to Cousins' existing 1.3 million square foot Tempe office portfolio, 100 Mill is now 44% pre-leased, with two long-term lease commitments from a Fortune 100 company and a professional services firm. "Our pre-leasing activity is affirmation of the strong office demand in the Tempe submarket. We look forward to developing this premier office space in this vibrant city." The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets.