Simpson Thacher Represents Town Lane in Joint Venture Acquisition with Cousins Properties of a Class A Office Building in Atlanta, Georgia
08.02.24
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Simpson Thacher represented Town Lane in the acquisition of Proscenium, a 526,000 square foot Class A office building in the heart of Midtown Atlanta, Georgia. Town Lane simultaneously entered into a joint venture agreement with Cousins Properties (NYSE: CUZ) where Cousins Properties contributed 20% of the equity to the venture and will provide property management and leasing services. The transaction closed August 1, 2024. Town Lane was founded in 2024 by Tyler Henritze after raising $1.25 billion of institutional investor capital targeting opportunistic returns for its inaugural fund.
The Simpson Thacher team working on this deal includes: Sas Mehrara, Avi Kaye and Matthew Kut (Real Estate); and Nancy Mehlman and Elizabeth Trask (Tax).