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Leasing campaign nets new clients in 24,000 square feet and renews almost 90,000 square feet of office space in Atlanta for Colonial Properties' portfolio

An intense focus on client service and marketing boosted Colonial Properties Trust (NYSE: CLP) to a 94 percent renewal rate among existing client tenants at Colonial Center at Mansell Overlook in North Fulton County, Georgia.

Lease renewals totaled 89,500 square feet.   Several businesses expanded to occupy an additional 48,000 square feet and new clients bolstered occupancy by another 24,000 square feet during the first half of 2005, totaling 161,500 occupied square feet.

Glenn Aspinwall, Vice President, announced that in the first six months of 2005 he signed clients for a total of nearly 162,000 square feet at Colonial Center.  

            Notable clients who renewed and expanded at Colonial Center include:

•  CompBenefits Corporation, a provider of dental and vision programs to more than 4.5 million people nationwide, renewed 58,000 square feet for their corporate headquarters in Colonial Center 100

•  Boral Industries Inc. and its subsidiary, Boral Bricks Inc. (America's largest brick manufacturer), expanded by over 12,000 square feet while renewing their existing nearly 15,000 square feet in Colonial Center 200

•  AutoVIN, Inc., the Automated Vehicle Information Network, renewed nearly 14,000 square feet at Colonial Center 50

"In only the last 15 months, our park's occupancy has increased from 79 percent to 95 percent," said Aspinwall.   "The most significant increase has been in the Class A sector, which has gone from 83 percent occupancy to over 98 percent during that time period.   This growth is exciting and represents the renewed trend of corporate expansion anticipated during the next few years."

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Colonial Properties Trust, through its subsidiaries, owns a portfolio of multifamily, office and retail properties where you live, work and shop in the Sunbelt. Colonial Properties Trust performs development, acquisition, management, leasing and brokerage services for its portfolio and properties owned by third parties. The company has a total market capitalization of approximately $5.5 billion. As of July 28, the company owned or managed 47,700 apartment units, 8.3 million square feet of office space and 13.5 million square feet of retail shopping space. Headquartered in Birmingham, Ala., Colonial Properties is listed on the New York Stock Exchange under the symbol CLP and is included in the S&P SmallCap 600 Index. For more information, visit www.colonialprop.com.

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