BOSTON, July 31 /PRNewswire/ -- The board of directors of Beacon
Properties Corporation (NYSE: BCN) today increased the company's quarterly
dividend to 50 cents per share from 46.25  cents per share, payable on August
22, 1997, to shareholders of record as of August 8, 1997.
    The increase brings the annual dividend rate to $2.00 per share compared
with $1.85 per share previously, an increase of 8.1 percent.  The dividend
increase is the third consecutive annual increase since Beacon's IPO in
1994.
    The quarterly payment declared today covers the second quarter ended June
30, 1997.  Beacon stock will begin trading ex-dividend on August 6, 1997.
    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 118 buildings containing 18.8 million square feet.  The
properties are approximately 97 percent leased with over 1,300 tenants.
Additional information about Beacon is available at the company's Internet
site at http://www.beaconproperties.com.

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