Cousins Announces 131,000-Square-Foot Lease with GE; Lease at Wildwood Plaza Includes Option to Expand up to 300,000 Square Feet.

Business Editors

ATLANTA--(BUSINESS WIRE)--April 19, 2004

Wildwood Associates, a partnership that includes Cousins Properties Incorporated (NYSE: CUZ), announced today that it has signed General Electric Company (NYSE: GE) to a 131,000-square-foot lease at Wildwood Plaza, a 701,000-square-foot building at 3200 Windy Hill Road in Wildwood Office Park. The space will be occupied by GE's Energy division, which currently has its headquarters in the 4200 building at Wildwood Office Park. The Wildwood Plaza lease includes a renewal of approximately 81,000 square feet that GE Energy currently occupies at the building and brings Wildwood Plaza to 100 percent leased. GE Energy also leases 100 percent of the 256,000-square-foot 4200 building.

The Wildwood Plaza lease includes an option, exercisable by July 2004, for GE Energy to lease up to an additional 169,000 square feet that will become available either by sublease or due to lease expirations. If exercised, most if not all of that additional space would be occupied by May 2005.

"We have enjoyed a close relationship with GE Energy since 1997 and we're proud that the company has chosen to expand its presence here at Wildwood," said Tad Leithead, senior vice president in Cousins' Office Division. "Not only does this lease help reinforce the reputation of Wildwood as a top location for major companies, it also stabilizes our signature building here and gives us great leasing momentum heading into the second quarter."

GE Energy was represented by Andy Ghertner, Dave Demarest, William Propst and Carla Murray of Cushman & Wakefield.

GE Energy (www.gepower.com) is one of the world's leading suppliers of power generation and energy delivery technology, with 2003 revenues of nearly $18.5 billion. Based in Atlanta, Georgia, GE Energy provides equipment, service and management solutions across the power generation, oil and gas, transmission and distribution, distributed power and energy rental industries.

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 14.1 million square feet of office and medical office space, 2.6 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.