Cousins Properties Announces Retail Property Dispositions

Cousins Properties Incorporated

announced today the sale of five Publix-anchored shopping centers for $79.5 million. With these dispositions, Cousins has successfully completed its previously announced strategic exit from retail property ownership. The five retail centers were owned in two joint ventures with Watkins Retail Group and consisted of approximately 486,000 square feet. The centers were sold in a single transaction to one purchaser and generated approximately $34.5 million in net proceeds to Cousins.