BOSTON, April 8 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR) today
declared a dividend of $0.202 per share covering the period from February 4,
1998 to March 31, 1998.  The dividend is payable on April 30, 1998 to
shareholders of record on April 22, 1998.
    Cabot completed its initial public offering on February 4, 1998.  The
dividend declared for its first two months of operations is equivalent, on a
pro rata basis, to the Company's previously announced quarterly dividend rate
of $0.325 per share.
    Cabot Industrial Trust is a fully integrated real estate company that
specializes in the ownership, acquisition and development of industrial
properties.  Its portfolio currently includes 152 properties containing over
23 million square feet in 22 states.  The Company focuses on a broad spectrum
of industrial property types nationwide, including large bulk distribution
facilities, multi-tenant distribution facilities and workspace properties.
Cabot Industrial Trust closed its initial public offering of 8,625,000 common
shares and a concurrent private placement of 1,000,000 shares to Morgan
Stanley Asset Management on February 4, 1998.
    In addition to historical information, this press release contains
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995.  These statements are based on management's
current expectations about the industry and the markets in which the Company
operates.  Such forward-looking statements are not guarantees of future
performance and involve known and unknown risks, uncertainties or other
factors which may cause actual results, performance or achievements of the
Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.  Actual
operating results may be affected by various factors including, without
limitation, changes in national and local economic conditions, competitive
market conditions, receipt of governmental approvals and costs of material and
labor, all of which may cause such actual results to differ materially from
what is expressed or forecast in this press release.