The two latest assets placed on the selling block are the22-story, six-year-old Pinnacle office building and the 13-storyLive Oak Center next door in suburban Buckhead, GA. The propertiesare being marketed together by the local office of CB Richard EllisInc. For the sale of another property, Wildwood Office Park,Cousins chose Eastdil Realty of New York as its broker.

The Pinnacle structure was built in 1998 at Peachtree and Lenoxroads. Stonebridge Associates was Cousins' joint venture partner onthe project. Cousins didn't disclose the asking prices, occupancylevels or average asking rents at the three properties. Areainvestment sale brokers familiar with the assets tell GlobeSt.comthe REIT probably will be asking for bids on the assets beforeselecting the highest offer or the most qualified buyer.

As the company begins to shed older assets, Cousins is alsopreparing to break ground in June on an estimated $63-million,800,000-sf open air shopping center in Memphis, TN. Jim Wilson& Associates of Montgomery, AL is Cousins' joint venturepartner on the deal, as GlobeSt.com previously reported.