Cousins Properties Begins Construction on First Phase of King Mill Distribution Park; First Cousins/Weeks Industrial Development to Open in First Quarter 2006.

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today it has commenced construction on the first phase of the 2.9 million-square-foot King Mill Distribution Park, the first industrial project by Cousins/Weeks, a partnership of Cousins and Atlanta-based Weeks Properties. Phase I is expected to open in the first quarter of 2006.

Totaling 416,000 square feet and expandable to 790,400 square feet, Phase I is the first of five buildings planned for development in King Mill Distribution Park. Located on 182 acres at the intersection of Highway 42/23 at King Mill Road in McDonough, Georgia, the industrial park has build-to-suit sites available for companies locating in the rapidly expanding Henry County. Phase I amenities include 32-foot clear ceilings, large truck courts and trailer storage areas, among others.

"Today's announcement is the culmination of a year of hard work and a long-term vision by Cousins/Weeks and Cousins Properties' Industrial Division. We are pleased with the execution by the Industrial team to position us for growth in such a relatively short period of time," said Forrest Robinson, president of Cousins' Industrial Division. "We believe we have identified a unique opportunity to create value for our shareholders by adding the industrial discipline to Cousins' development skills. King Mill is an excellent start to our partnership with Ray Weeks, and we look forward to continuing the momentum we have established since announcing this project over three months ago."

Ray Weeks, CEO of Weeks Properties, added, "With King Mill, we expect to set a new standard for developing first-class industrial properties in the Atlanta market. The continued improvement in the Atlanta industrial market and the economic expansion in Henry County currently combine for a favorable environment for industrial development and leasing. The available build-to-suit sites at King Mill as well as its location and wealth of amenities present attractive options to a range of end users. We expect to make announcements of new tenants in the months leading up to its opening next spring."

Conlan Company of Marietta, Georgia, will serve as general contractor for King Mill, while Randall Paulson Architects of Roswell, Georgia, is the property's architect.

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.