CUZ Cousins Properties Inc

Momentum Moves Second Terminus Office Building into Development Cousins Properties Incorporated (NYSE: CUZ) announced today three new leases and a lease expansion totaling more than 85,000 square feet at Terminus 100, a 27-story, 650,000-square-foot building under construction at the intersection of Peachtree and Piedmont roads in Atlanta's Buckhead district. The new leasing activity brings the building's 573,000 square feet of office space to 62 percent leased and the company is in active negotiations on leases that would bring the building's office space to more than 80 percent leased. The new leases are with Cumulus Media Inc. (NASDAQ: CMLS), the country's second largest radio station owner; financial advisor Wilmington Trust Corp. (NYSE: WL); and locally based investment advisor Riverside Advisors. In addition, real estate services firm CB Richard Ellis Inc. has expanded its space in Terminus to three floors. "These new leases reinforce the tremendous momentum we are seeing at Terminus, and we are extremely grateful many of the market's top companies want to be a part of our latest project," said Tom Bell, president and CEO of Cousins Properties. "The composition of Terminus, with world-class restaurants, retail and residential uses, has proven to be very attractive to our target office client. With our present momentum, it appears Terminus 100 will be fully leased by year-end." Given the success of Terminus 100, Cousins announced today it will immediately begin site development activities for Terminus 200, a 22-story, 520,000-square-foot office building with ground-floor retail and restaurants. The Terminus marketing center, which is currently on the Terminus 200 site, will be relocated to Highland Drive, just inside the Terminus property. The building is expected to deliver in mid-2009. Discussions with several potential tenants with leases expiring in 2009 and 2010 have already begun. Previously announced signed leases at Terminus 100 include Bain & Co., Citigroup, CB Richard Ellis, Cousins Properties, Synovus and Premiere Global Services. The building will also be home to four destination restaurants: AquaKnox, Lola, BrickTops and a new concept from MF Sushibar's Kinjo brothers. Terminus 100 is the first building at Terminus, a 10-acre office, residential, retail and hotel community in the heart of Buckhead. At completion, the project is expected to include more than 1 million square feet of office space, more than 125,000 square feet of retail and restaurants and up to 800 residential units. 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 7.4 million square feet of office space, 3.8 million square feet of retail space, 0.8 million square feet of industrial space, two multi-family residential projects, over 9,000 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 12.7 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 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.