Cousins Properties Acquires 182 Acres for First Cousins/Weeks Industrial Development; Suburban Atlanta Land Purchase Clears Way for King Mill Distribution Park.

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today it has purchased approximately 182 acres near the intersection of King Mill Road and U.S. Highway 23 in Henry County, a southern suburb of Atlanta, for an undisclosed sum. The purchase brings Cousins/Weeks, a partnership of Cousins and Atlanta-based Weeks Properties, closer to developing its first industrial project, King Mill Distribution Park. The park is currently planned for 2.9 million square feet of industrial space, including sites slated for large build-to-suit users. Development of the park will begin with a 416,000-square-foot building, which will be expandable to more than 790,400 square feet. A construction start date has not been selected.

"This is a big moment for Cousins/Weeks and Cousins Properties' Industrial Division. All of the work done by the Cousins/Weeks team over the past eight months has been geared toward getting our first project off the ground and now we're one step closer to reaching that goal," said Forrest Robinson, president of Cousins' Industrial Division. "We're also optimistic about the rebound currently taking shape in Atlanta's industrial market."

"When we announced this partnership, we told the industrial market it could expect well-located and well-developed projects. King Mill is the type of project we had in mind then and we believe it's a great way to kick off the Cousins/Weeks partnership," said Ray Weeks, CEO of Weeks Properties. "I look forward to working closely with Forrest and the Cousins team to make this the first of many successful developments."

Cousins Properties was represented by Michael Dvorscak of The William B. Hare Company in the transaction. The seller is Henry County-based Gerald W. Hudgens and Hudgens Communities.

Formed in April 2004, Cousins/Weeks is a partnership of Cousins Properties and Weeks Properties. Weeks Properties is controlled by Ray Weeks, former Chairman and CEO of Atlanta-based Weeks Corp., which merged with Duke Realty Investments (now Duke Realty Corp.) in 1999. Cousins' Industrial Division President Forrest Robinson spent more than 20 years with Weeks Corp. - including seven years as president and COO - and remained with Duke after the merger, running that company's Florida Region. Although the venture is national in design and scope, Cousins/Weeks' initial focus is on the metro Atlanta market.

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, 3.2 million square feet of retail space, over 2,000 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.