Cousins Properties Incorporated Announces Offering of Preferred Stock.

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today the launch of an underwritten public offering of 3,000,000 shares of its Series B Cumulative Redeemable Preferred Stock, $1.00 par value per share (liquidation preference of $25 per share), plus up to 450,000 additional shares issuable upon exercise of the underwriters' over-allotment option.

Banc of America Securities LLC and Wachovia Securities are acting as joint book-running managers, and KeyBanc Capital Markets, RBC Capital Markets and Wells Fargo Securities, LLC are acting as co-managers.

A copy of the preliminary and final prospectus supplement and the base prospectus related to the offering, when available, may be obtained from either Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001, or 646-733-4166, or Wachovia Securities, ATTN: Prospectus Department, 8739 Research Drive, Charlotte, North Carolina 28262, or 704-593-7559.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy the Company's securities, nor shall there be any sale or an offer to buy these securities in any state in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of any such state.

Cousins Properties Incorporated, headquartered in Atlanta, is an equity real estate investment trust (REIT) with investments in office, retail, medical office, industrial and land development projects. Certain matters discussed in this news release are forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to uncertainties and risks that could cause actual results to differ materially from those contained in any forward-looking statements, including, but not limited to, the following important factors: financial market conditions, interest rate volatility and the level of interest rates generally; the ability to access the equity markets; the ability to consummate the offering; general and local economic conditions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.