Cousins’ downtown deal, major office real estate condensed

​AUSTIN – Cousins Properties Inc. has acquired Parkway Properties Inc.

The deal worth upward of $5 billion has dramatic implications for Austin, where Cousins now becomes the largest landlord, at least downtown.

With the purchase, Cousins now owns 98 San Jacinto Blvd. and 111 Congress Ave. 

Along with its previous holdings, including Colorado Tower at 303 Congress Ave.; 816 Congress Ave., and Research Park Plaza V, which is in Northwest Austin.