Cousins Acquires Galleria 75.

Business Editors

ATLANTA--(BUSINESS WIRE)--March 4, 2004

Cousins Properties Incorporated (NYSE:CUZ) announced today its acquisition of Galleria 75, a two-story, 113,000-square-foot office building in suburban Atlanta, for $11.4 million. The seller is Newport Beach, Calif.-based Koll Bren Schreiber Realty Advisors. Galleria 75 is situated on approximately seven acres on Cobb Galleria Parkway, between Cumberland Parkway and Akers Mill Road. The 87-percent-leased project is adjacent to the proposed site for the $125 million Cobb Performing Arts Centre.

"Galleria 75 is an incredibly well-located property that provides Cousins with both short- and long-term possibilities," said Dan DuPree, vice chairman for Cousins Properties. "In the near-term, we benefit from owning a well-leased asset in one of the best locations in northwest Atlanta. And in the future, the combination of this site's great transportation access and the development activity planned nearby will make it ideal for redevelopment as a possible corporate headquarters location. We believe this is a one-of-a-kind opportunity."

With the Galleria 75 purchase, Cousins' Atlanta portfolio now includes interests in 9.3 million square feet of office and medical office space.

Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry, including the development, acquisition, financing, management and leasing of properties. The property types that Cousins actively invests in include office, retail, medical office and land development projects. The Company's portfolio consists of interests in 14 million square feet of office and medical office space, 2.5 million square feet of retail space and more than 280 acres of strategically located land for future sale or commercial development. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 6.3 million square feet of office space. Cousins is a fully integrated equity real estate investment trust (REIT) that has been public since 1962 and trades on the New York Stock Exchange under the symbol "CUZ." For more information please visit www.cousinsproperties.com.

Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risks, including, but not limited to, general and local economic conditions, local real estate conditions, the activity of others developing competitive projects, the cyclical nature of the real estate industry, the financial condition of existing tenants, interest rates, the Company's ability to obtain favorable financing or zoning, environmental matters, the effects of terrorism, the failure of assets under contract for sale to ultimately close and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Current Report on Form 8-K filed on December 10, 2003. The words "believes", "expects", "anticipates", "estimates" and similar expressions are intended to identify forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in any forward-looking statement are reasonable, the Company can give no assurance that these plans, intentions or expectations will be achieved. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.