JLL Capital Markets completes two Austin-area transactions with Cousins Properties

AUSTIN, Aug. 4, 2026 - JLL Capital Markets announced today that it has completed two significant Austin, Texas, transactions with Cousins Properties. JLL arranged the sale of Research Park Plaza V, a 172,854-square-foot office building in Austin's Northwest submarket, and secured a preferred equity placement for 5th & Walsh, a 198,000-square-foot Class A office and retail development in the West 5th Street corridor, which is the future HQ of Endeavor Real Estate Group.

In the Research Park Plaza V sale, JLL Capital Markets' Ryan Stevens, Drew Fuller and Jeff Coddington represented Cousins Properties (NYSE: CUZ), to complete the sale to an unnamed buyer.

Developed in 2015, Research Park Plaza V is a Class A, four-story office asset that is 85% leased to four institutional-quality tenants, including Cadence, a leading company in the semiconductor industry, and Planview, a global enterprise software company.

"Research Park Plaza V attracted strong interest from both local and national private capital groups who viewed this as a stabilized asset with very attractive going-in yield," said Stevens.

For the 5^th and Walsh development, JLL Capital Markets' Stevens, Robert Wooten and Colby Mueck worked on behalf of Endeavor Real Estate Group (the developer) to arrange a $31.5 million preferred equity commitment through Cousins Properties.

5th & Walsh is a five-story, ground-up development totaling 198,000 rentable square feet, comprising approximately 177,000 square feet of Class A office and approximately 21,000 square feet of ground-floor retail. Designed by nationally recognized Lake | Flato, the project sits along the West 5th Street corridor at the front door of downtown Austin.

"Securing a preferred equity commitment from an investor of Cousins' caliber speaks to the quality of both the project and the sponsor," added Stevens. " 5th & Walsh is best-in-class product in an irreplaceable West Austin location, in one of the fastest-growing markets in the country, and that is precisely the profile institutional capital is competing for today."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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