BOSTON, Nov. 21 /PRNewswire/ -- The Board of Directors of Beacon
Properties Corporation (NYSE: BCN) today declared a quarterly dividend of
56.13 cents per share, payable December 15, 1997 to preferred stockholders of
record as of December 1.  Beacon preferred stock will begin trading ex-
dividend on November 26, 1997.
    As announced on September 15, Beacon Properties Corporation and Equity
Office Properties Trust (NYSE: EOP) have entered into a definitive
agreement and plan of merger.
    Beacon Properties Corporation, with headquarters in Boston, Massachusetts,
is one of the nation's largest real estate investment trusts (REITs).
Established in 1994 as a self-administered and self-managed REIT, the company
owns or has an interest in a portfolio of office properties located in major
metropolitan areas, including Boston, Atlanta, Chicago, Los Angeles, San
Francisco and Washington DC.  Beacon's office portfolio currently totals 123
buildings containing 20.7 million square feet.  The properties are
approximately 97 percent leased with over 1,250 tenants. Additional
information about Beacon is available at the company's Internet
site at http://www.beaconproperties.com.
    Certain matters discussed in this press release may constitute
forward-looking statements within the meaning of the Federal securities
law.  Although Beacon believes that the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it can
give no assurance that its expectations will be achieved.  Factors that
could cause actual results to differ materially from Beacon's current
expectations include general economic conditions, local real estate
conditions, timely releasing of occupied square footage upon expiration,
interest rates, availability of equity and debt financing and other risks
detailed from time to time in the company's filings with the Securities
and Exchange Commission, including quarterly reports on Form 10-Q, reports
on Form 8-K and annual reports on Form 10-K.

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