Exhibit 99.(a)(15)


FOR IMMEDIATE RELEASE

                      RREEF ANNOUNCES ON BEHALF OF CALWEST
                           COMPLETION OF TENDER OFFER
                           FOR CABOT INDUSTRIAL TRUST

NEW YORK, NEW YORK, DECEMBER 5, 2001 - RREEF announced today on behalf of
CalWest Industrial Properties, LLC (CalWest) that CalWest has completed its
tender offer for the outstanding common shares of beneficial interest of Cabot
Industrial Trust (Cabot) (NYSE:CTR) for $24 per share in cash. Rooster
Acquisition Corp., a wholly owned subsidiary of CalWest, which is a joint
venture of the California Public Employees' Retirement System and RREEF has
accepted for purchase all 42,388,440 Cabot common shares that were properly
tendered in the offer. The common shares accepted for purchase include 3,167,599
shares subject to guarantees of delivery.

The tender offer expired at 12:00 midnight, New York City time, on Tuesday,
December 4, 2001. The common shares accepted for purchase represent
approximately 97% of Cabot's outstanding common shares.

CONTACTS: Cindy Talmadge, Vice President of Corporate Communications of RREEF at
(312) 278-6423; and Neil Waisnor, Senior Vice President-Finance of Cabot
Industrial Trust, at (617) 723-4091.