Cousins Properties Announces Sale of Industrial Assets

Cousins Properties Incorporated (NYSE: CUZ) announced today the sale of its two remaining industrial buildings, along with the remainder of its Texas industrial land for total proceeds of $72.2 million. Cousins’ share of the proceeds totaled $65.2 million.

King Mill Building 3, a 796,450-square-foot building in Atlanta, Georgia, was sold to an affiliate of IDI.

Lakeside Ranch Building 20, a 748,831-square-foot building in Dallas, was sold to Duke Realty. Included in the sale were two land parcels within the Lakeside Ranch Business Park and an additional development site in Lancaster, Texas. Remaining Industrial Buildings And Texas Industrial Land Sold For $72.2 Million

About Cousins

Cousins Properties Incorporated is a leading diversified real estate company with extensive experience in development, acquisition, financing, management and leasing. Based in Atlanta, the Company actively invests in office and retail development projects. Since its founding in 1958, Cousins has developed 20 million square feet of office space, 20 million square feet of retail space, more than 3,500 multi-family units and more than 60 single-family neighborhoods. The Company is a fully integrated equity real estate investment trust (REIT) and trades on the New York Stock Exchange under the symbol CUZ. For more, please visit www.cousinsproperties.com.

This press release does not constitute an offer of any securities for sale. Certain matters discussed in this press release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk and actual results may differ materially from projections. Readers should carefully review Cousins’ financial statements and notes thereto, as well as the risk factors described in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 and other documents Cousins files from time to time with the Securities and Exchange Commission. Such forward-looking statements are based on current expectations and speak as of the date of such statements. Cousins undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.

About IDI

IDI is a privately-held real estate company focused exclusively on industrial property. The company, headquartered in Atlanta, Georgia, provides development, investments, property management and leasing services to corporations, property owners, investors, financial institutions and real estate service providers. Valued at $1.8 billion, IDI is one of the largest privately-held logistics property companies in North America with ownership or interests in 31 million square feet of investment grade assets.

Since the company’s founding in 1989, IDI has built a reputation for delivering superior quality properties and service. To date, IDI has developed and acquired 138 million square feet of industrial space and completed more than 568 industrial facilities in the U.S., Canada and Mexico. The company’s investment portfolio, focused on building long-term value, holds more than 22 million square feet of assets and the company manages a portfolio of 50 million square feet.

For more information on IDI, visit www.idi.com.

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