Net Proceeds from $422 Million Stock Offering Applied to Acquisitions
                       and Repayment of Credit Balance

    BOSTON, Nov. 27 /PRNewswire/ -- Beacon Properties Corporation (NYSE: BCN)
said today that it has completed the previously-announced acquisition of
eleven office buildings, including its first property in California, and
applied the net proceeds from a $422 million stock offering to the $253
million purchase price and the repayment of the outstanding balance on its
$300 million credit line.
    The eleven Class A office buildings total 1.6 million square feet,
increasing Beacon's portfolio to approximately 13.8 million square feet.  They
include 10960 Wilshire Boulevard, a 544,000 square foot office tower located
in the Westwood suburb of West Los Angeles, California; nine buildings
encompassing 817,000 square feet in The New England Executive Park,
Burlington, Massachusetts; and Riverview, a 263,000 square foot office
building located in Cambridge, Massachusetts.
    The stock offering, priced at $30.75 per share, consisted of 13,723,000
shares of common stock (including the underwriters' over-allotment option of
1,723,000 shares).  As a result of strong demand, the offering was increased
substantially from its original level of six million shares.  The underwriting
group was led by Merrill Lynch & Co. and included Dean Witter Reynolds Inc.,
Donaldson Lufkin & Jenrette Securities Corporation, Lehman Brothers,
PaineWebber Incorporated and Raymond James & Associates, Inc.
    The offering, Beacon's third and largest common stock issue this year, was
declared effective November 14, 1996.  It brought the total of Beacon common
stock to 52,058,683, including 5,102,428 shares of common stock that may be
issued upon redemption of operating partnership units.
    Alan M. Leventhal, president and chief executive officer of Beacon
Properties, commented: "Since January, we have invested nearly $1 billion in
55 office buildings while diversifying into Atlanta, Chicago and Los Angeles
and reinforcing our presence in the Boston and Washington, D.C. markets.  As
we proceed with our plans to build a strong presence in select national
markets, we are also increasing our proportion of suburban office properties
which now account for 73 percent of the company's portfolio."

    With the completion of the acquisitions announced today, Beacon owns or
has an interest in 81 properties.  Previous portfolio acquisitions this year
include:
    -- October 1996.  Two buildings in Arlington County, Virginia.
       $99.1 million.
    -- August/September 1996.  Six buildings in suburban Chicago, Illinois;
       three buildings in Fairfax County, Virginia; and one building in
       Washington, D.C. $227 million.
    -- February 1996.  Thirty-two buildings in Perimeter Center, Atlanta.
       $336 million.

    In addition, in June 1996 Beacon acquired the remainder of the outstanding
mortgage debt on Rowes Wharf, Boston, with its joint venture partner in the
property.
    Beacon Properties Corporation is a self-administered and self-managed real
estate investment trust (REIT) which owns a portfolio of primarily Class A
office properties located in major metropolitan areas, including Boston,
Atlanta, Chicago, Los Angeles and Washington, D.C.  One of the nation's
largest office REITs, Beacon currently owns or has an interest in
81 properties totaling approximately 13.8 million square feet.  The company
specializes in property acquisitions, management, leasing, design,
construction and development.  Further information is available at the
company's Internet site: 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 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 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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