BOSTON, July 22 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR), a
national operator of industrial properties, announced that it will file today
a preliminary prospectus supplement relating to the proposed sale of
2.8 million shares by certain of its founding shareholders. Highlights of the
offering include:
* Cabot coordinated the offering with its founding shareholders with a
goal of increasing the public float in Cabot's shares;
* The offering is being made on a fully-marketed basis including a road
show with Cabot's senior management;
* The shares to be sold are owned by existing investors. The Company is
not selling any shares; and
* Cabot's debt-to-total market capitalization stands at 27%.
The shares will be sold under a shelf registration statement with J.P.
Morgan Securities, Inc. ("J.P. Morgan") acting as managing underwriter. The
offering is being made only by means of a prospectus. Copies of the
prospectus may be obtained from J.P. Morgan at 212-648-9922. J.P. Morgan also
has an over-allotment option to purchase additional shares.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of securities in
any state in which such offer, solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of any such state.
Cabot Industrial Trust is a fully integrated real estate company, with
offices in Atlanta, Baltimore, Boston, Chicago, Cincinnati, Dallas, Los
Angeles, Orlando and Phoenix, which specializes in the ownership, acquisition
and development of industrial properties. It owns 267 properties containing
32 million square feet in 22 states. The Company also manages an additional
10 million square feet of property for investment advisory accounts. Cabot
Industrial Trust focuses on a broad spectrum of industrial property types
nationwide including large bulk distribution facilities, multitenant
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 factors including, without
limitation, changes in national and local economic conditions, competitive
market conditions, uncertainties and costs related to and the imposition of
conditions on 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.
Readers are referred to the documents filed by Cabot Industrial Trust with
the SEC, specifically the most recent reports on Forms 10-K and 10-Q, which
identify important risk factors which could cause actual results to differ
from those contained in the forward-looking statements.
To receive Cabot Industrial Trust's latest news release and other
corporate documents, please send requests via e-mail at
ir@cabottrust.com or visit our web-site at http://www.cabottrust.com .
SOURCE Cabot Industrial Trust
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Related links:
http://www.cabottust.com
CONTACT:
Franz Colloredo-Mansfeld, Chief Financial
Officer of Cabot Industrial Trust, 617-723-0900
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