Stockholder Rights Plan Adopted

    BOSTON, June 11 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR), a
national developer, owner and operator of industrial property, today announced
that the Board of Trustees has declared a dividend of $0.325 per share of
Common Stock payable on July 30, 1998 to stockholders of record on July 10,
1998.
    Cabot also announced today that its Board of Trustees has authorized the
adoption of a stockholder rights plan designed to enhance the ability of all
of the Company's stockholders to realize the long-term value of their
investment.  The Company said that the plan is not being adopted in response
to any specific attempt to acquire control of Cabot.
    The rights plan is designed to require a person or group seeking to gain
control of the Company to offer a fair price to all the Company's
stockholders.  The rights will not interfere with any merger, acquisition or
business combination that the Company's Board of Trustees finds is in the best
interests of the Company and its stockholders.
    In adopting this plan, the Company joins more than 2,000 U.S. corporations
that have chosen to adopt stockholder rights plans.
    In connection with the adoption of the rights plan, the Board declared a
dividend distribution of one right for each outstanding common share on July
15, 1998.  The rights will not become exercisable unless someone acquires 15%
or more of the Company's common shares or begins a tender offer that would
result in the person's owning 15% or more of the common shares.  At that
point, each right would entitle the holder, other than the person who
triggered the rights, to purchase either Cabot common shares or shares of an
acquiring entity at a 50% discount to the market price.  Cabot noted that the
rights can be redeemed by the Board of Trustees.
    CTR also announced that it held its annual meeting of shareholders on June
11, 1998.  At the meeting, Noah Herndon and Maurice Segall were reelected for
a three year term as Trustees of the Company.
    Cabot Industrial Trust is a fully integrated real estate company that
specializes in the ownership, acquisition and development of industrial
properties with 162 properties containing 24.0 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.
    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 factor 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.

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