Cousins Signs DFA to 210,000-Square-Foot Lease in Austin, Texas.

Agreement kicks off two-building, 360,000-square-foot Palisades West office project

ATLANTA -- Cousins Properties Incorporated (NYSE: CUZ) announced today it has signed Santa Monica, California-based Dimensional Fund Advisors (DFA) to a 210,000-square-foot lease at Palisades West, a planned two-building, 360,000-square-foot office project in Austin, Texas. Cousins, DFA and another party are partners in the Palisades West project, which is expected to break ground in April 2007 and deliver in June 2008. Set on 22 acres, the project will contain a seven-story, 210,000-square-foot building - which will be occupied by DFA - and a five-story, 150,000-square-foot building. Raleigh, N.C.-based Duda Paine Architects, which also designed Frost Bank Tower in downtown Austin for Cousins, is the design architect for the project.

"The Palisades West site is an ideal corporate or regional headquarters location and we are thrilled to partner with DFA as it grows its Austin presence. The southwest Austin submarket is one of the city's strongest and, with this commitment, we expect there to be plenty of interest in the remaining 150,000 square feet," said Tim Hendricks, senior vice president for Cousins in Austin. "Palisades West also reaffirms Cousins' commitment to the Central Texas market. As we develop this project, we will continue to pursue additional office opportunities throughout the market."

Earlier this year, Cousins sold Frost Bank Tower, a 33-story, 531,000-square-foot office tower in downtown Austin, to Chicago-based Equity Office (NYSE: EOP) for $188 million or approximately $354 per square foot. The sale generated the highest per-square-foot price for an office building in Texas history.

Cousins Properties Incorporated, headquartered in Atlanta, has extensive experience in the real estate industry including development, acquisition, financing, management and leasing. Cousins actively invests in office, multi-family, retail, industrial and land development projects. The Company's portfolio consists of interests in 7.3 million square feet of office space, 4.2 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 14.9 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.