BOSTON, Dec. 17 /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, indicating an annualized rate of $1.30, payable on January 15,
1999 to stockholders of record on December 31, 1998.
    Cabot Industrial Trust is a fully integrated real estate company that
specializes in the ownership, acquisition and development of industrial
properties with 204 properties containing 28 million square feet in 21 states.
The Company 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 or 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.  Capital and credit
market conditions which affect the Company's cost of capital also influence
operating results.

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