BOSTON, Aug. 17 /PRNewswire/ -- Cabot Industrial Trust (NYSE: CTR)
announced today that it has completed the acquisitions of nine properties in
Chicago, Orlando and the Baltimore/Washington, D.C. corridor for $37 million
in four separate transactions.  The nine properties consist of approximately
650,000 rentable square feet, of which 32% is multi-tenant distribution and
68% is workspace.  These properties are currently 98.5% occupied by 44
tenants.
    In announcing the transactions, Cabot Industrial Trust's Chairman and CEO,
Ferdinand Colloredo-Mansfeld said, "The underlying real estate fundamentals
remain strong in our target markets, with relative equilibrium in the supply
and demand mix.  While we continue to carefully monitor future supply,
particularly in the bulk distribution sector, demand for multi-tenant and
workspace buildings continues to be very strong.  We are finding ample
investment opportunities and, given the changing environment for acquisitions,
we have become even more selective in our development and acquisitions
programs.  We are focused on value investing and are carefully using our
strong capital position with relatively modest levels of debt to maximize the
return on our equity capital."
    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.
    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.

Link to this page: