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Beacon Debt Issue Cancelled

    BOSTON, Sept. 15 /PRNewswire/ -- A $300 million debt offering by Beacon
Properties, L.P., the operating partnership of Beacon Properties Corporation
(NYSE: BCN), has been cancelled following today's announcement of a merger
agreement with Equity Office Properties Trust (NYSE: EOP).
    The issue, led by Merrill Lynch & Co., was priced last Thursday
(September 11).
    The two-tranche issue consisted of $150 million of five-year senior
unsecured notes with a 6-7/8 percent coupon priced to yield 6.922 percent, and
$150 million of ten-year senior unsecured notes with a 7-1/4 percent coupon
priced to yield 7.291 percent.


SOURCE Beacon Properties Corporation




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CONTACT:
Cathy Lickteig of Beacon Properties,
617-330-1400