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ALTANTA-An area rumor becomes fact with the announcement that Chicago-based Equity Office Properties Trust is teaming with locally based Cousins Properties Inc. to develop a 39-acre mixed-use complex at Perimeter Center Parkway in DeKalb County.

The property will eventually be a master-planned community of office, residential and retail facilities. Equity Office owns the entire 3.3 million-sf Perimeter Center complex. The project is zoned for 1.3 million sf of rentable space.

Neither company has disclosed estimated costs of the proposed project.

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