On October 6, 2016 (Closing Date), the Merger contemplated by that certain Agreement and Plan of Merger, entered into on April 28, 2016, by and among Cousins Properties Incorporated (Cousins), Parkway Properties Inc. (Parkway), Parkway Properties LP (Parkway LP) and Clinic Sub Inc.(Merger Sub), pursuant to which Parkway merged with and into Merger Sub, with Merger Sub continuing as the surviving corporation of the Merger and a wholly owned subsidiary of Cousins. Pursuant to the Merger Agreement, upon the terms and subject to the conditions of the Merger Agreement, immediately following the effective time of the Merger on the Closing Date, Cousins separated the portion of its combined businesses relating to the ownership of real properties in Houston, Texas from the remainder of the combined businesses. In connection with the Separation, on the Closing Date, Cousins and Parkway effected a reorganization (the Reorganization), pursuant to which the Houston Business was transferred to Parkway Inc. (New Parkway) and the remainder of the combined businesses was transferred to Cousins Properties LP, a Delaware limited partnership (Cousins LP), which will be the operating partnership of Cousins following the Separation, the Reorganization and the Spin-Off. In connection with the Merger and pursuant to the Merger Agreement, on October 6, 2016, each of Tom G. Charlesworth, James H. Hance and R. Dary Stone resigned from the board of directors of Cousins. In connection with the Merger and pursuant to the Merger Agreement, effective as of the Closing Date, the following individuals were named as directors of Cousins: Brenda J. Mixson, Charles T. Cannada, Edward M. Casal and Kelvin L. Davis.
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust (REIT). The Company conducts its operations through its subsidiary Cousins Properties LP (CPLP), which primarily invests in Class A office buildings. Its segments are classified by property type and geographical area. The segments by property type are Office and Non-Office. The segments by geographical region are Atlanta, Austin, Charlotte, Dallas, Phoenix, Tampa, and other markets. Included in other markets are properties located in Houston, and Nashville. Included in Non-Office are retail and apartments in Atlanta as well as the College Street Garage in Charlotte. It develops, acquires, leases, manages, and owns primarily Class A office properties and mixed-use developments in the Sun Belt markets of the United States. The Companyâs portfolio of real estate assets consists of interests in approximately 18.8 million square feet of office space and 310,000 square feet of other space.