Cousins Opens The Avenue(R) Webb Gin; Company's Fourth Atlanta-area Avenue Opens at 85 Percent Committed.

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today the opening of The Avenue Webb Gin, a 385,000-square-foot open-air specialty retail center in Gwinnett County, a suburb of Atlanta. Situated on 56 acres at the intersection of Georgia Highway 124 and Webb Gin House Road, The Avenue Webb Gin is Cousins' fourth Avenue project in metro Atlanta and the Company's seventh overall. The Avenue Webb Gin's 216,000-square-foot Phase I opens at approximately 85 percent committed.

Retailers with signed leases at The Avenue Webb Gin include A&J Jewelers, After Hours Formalwear, American Eagle, Ann Taylor, Ann Taylor Loft, Banana Republic, Barnes & Noble, Caribou Coffee, Carter's, Chili's, Chico's, Claire's, Cold Stone Creamery, Coldwater Creek, Doc Green's, Ethan Allen, Famous Footwear, First Horizon Bank, Forth & Towne (Gap Inc.'s new apparel concept for women), Francesca's Collections, Gap, GapKids, GapBody, BabyGap, Gymboree, Helzberg Diamonds, Jos A. Bank, Kay Jewelers, Limited Too, Liz Claiborne Shoes, Natural Body Spa & Shoppe, New York & Company, On The Border, Osh Kosh B'Gosh, PacSun, Portrait Innovations, Red Robin, Relax the Back, Romano's Macaroni Grill, Select Comfort, Spa Nails, Stride Rite, Talbots, Victoria's Secret, White House/Black Market and Yankee Candle.

"Bringing The Avenue concept to Gwinnett County - which is consistently ranked among the fastest growing counties in America - has long been a goal of ours, so it's a joy to see this project open," said Joel Murphy, president of Cousins' Retail Division. "Our Avenue projects have become a source of pride and a gathering place for surrounding communities and neighborhoods and we look forward to The Avenue Webb Gin growing into that role here."

In addition to the shopping and dining opportunities, The Avenue Webb Gin will offer more than 19,000 square feet of office space in a prime location. When complete, The Avenue Webb Gin will be home to more than 70 retailers, businesses and restaurants. Phase I, on the south side of Webb Gin House Road, contains 216,000 square feet of retail space. Phase II, opening in October 2006 on the north side of Webb Gin House Road, will eventually contain 150,000 square feet of retail space.

The Avenue concept, introduced by Cousins Properties in 1998, has been extremely well received by consumers and retailers alike. In contrast to a mall, these open-air, pedestrian-friendly centers appeal to the discriminating and often time-constrained shopper looking for high-quality merchandise in a convenient setting. A culmination of function and art, these specialty centers combine premier national retailers, select local merchants and specialty restaurants in an attractive setting. Cousins Properties has opened four Avenues in the Atlanta area; one in suburban Memphis, TN; one in suburban Los Angeles, CA; and one in Melbourne, FL. Work began on The Avenue Webb Gin in Atlanta's Gwinnett County in August 2005 and it is the seventh Avenue in the Cousins portfolio. For more information about The Avenue, please visit www.theavenuealist.com.

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, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.5 million square feet of office space, 4.6 million square feet of retail space, 2 million square feet of industrial space, one multi-family residential project and 23 single-family neighborhood developments, over 9,200 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 13 million square feet of office and retail 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 Report on Form 10-K for the year ended December 31, 2005. 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.