BOSTON, Aug. 14 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR)
announced that it has filed a registration statement for 1,074,683 shares
owned by certain of its investors.  This registration statement was filed
pursuant to certain agreements between Cabot Industrial Trust and the
investors made prior to the Company's initial public offering, which closed
February 4, 1998.  Cabot will not receive any of the proceeds from the
offering.  The offering will be made only by means of a prospectus.
    Cabot Industrial Trust is a fully integrated real estate company that
specializes in the ownership, acquisition and development of industrial
properties with 180 properties containing 25 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.
    A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  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 such securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.  A copy of the
preliminary prospectus may be obtained from Cabot's offices at Two Center
Plaza, Suite 200, Boston, MA 02108, attention, Neil Waisnor.
    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.

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