Cousins Announces Executive Changes in Retail Division.

ATLANTA -- Cousins Properties Incorporated (NYSE:CUZ) announced today the following executive management changes in its Retail Division.

Steve Yenser has been promoted to Executive Vice President and Chief Operating Officer of the Retail Division. In his new role, Mr. Yenser is responsible for the management and performance of the retail operating group, which includes leasing, operations, marketing, asset management and administration for the division. Mr. Yenser joined Cousins in 2002.

Bill Bassett has been promoted to Executive Vice President and Director of Development of the Retail Division. In his new position, Mr. Bassett will oversee the division's development activity relative to site acquisition, architectural design, site planning, entitlements, and construction. Mr. Bassett joined Cousins in 1994.

David Nelson, Senior Vice President, Asset Management, has added the additional title and duties of Chief Financial Officer (CFO) of the Retail Division. Mr. Nelson joined Cousins in 2003.

Darryl Bonner has been promoted to Vice President, Director of Leasing. In this position, Mr. Bonner will be responsible for all leasing activity throughout the retail portfolio. Mr. Bonner joined Cousins in 2004.

Additionally Cousins has created a new business group within the retail division primarily focused on sourcing and executing new development opportunities. Each of these directors will be responsible for qualifying new development opportunities and completing anchor tenant leasing within their respective geographical areas or product type.

As previously announced, Mark Gambill has joined Cousins from Simon Property Group as Senior Vice President and Director, MarketCenter Projects. Mr. Gambill will be based in the corporate office in Atlanta and will direct Cousins' power center business in the Eastern half of the United States.

Kevin Polston has been promoted to Senior Vice President and Southeast Regional Director, Avenue Projects. In this role, Mr. Polston, based in Atlanta, will be responsible for new Avenue specialty retail center deals across the Southeast. Mr. Polston joined Cousins in 1999.

Alex Chambers has been named Senior Vice President and Director, Central Region, where he will lead Cousins' retail development efforts in Texas and surrounding states. Mr. Chambers will be based in the Company's Austin, Texas, office. Mr. Chambers joined Cousins in 1999.

Bob Manarino will continue to head up all new business opportunities in California and surrounding western states as Senior Vice President and Director, Western Region Development. Mr. Manarino will remain based in the Company's Irvine, California, office.

Each of these directors will report directly to Joel Murphy, President of the Retail Division.

"The activity in the Retail Division has grown rapidly over the past few years and we are positioning ourselves to continue that trend for the future," Murphy said. "We think these organizational changes will put us in a position to best create value for our shareholders through development activity, while continuing to lease and manage our current projects to the 'best in class' standard our retailers and customers deserve, and have come to expect from Cousins Retail."

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, industrial and land development projects. The Company's portfolio consists of interests in 7.2 million square feet of office and medical office space, 3.1 million square feet of retail space, over 3,000 acres of strategically located land tracts for sale or future development, and significant land holdings for development of single family residential communities. Cousins also provides leasing and management services to third-party investors; its client-services portfolio comprises 10.4 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 on the Company, please visit Cousins' Web site at 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.