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CARR REALTY CORPORATION ANNOUNCES PUBLIC OFFERING OF 6.8 MILLION SHARES AT $22 PER SHARE

 WASHINGTON, Feb. 8 /PRNewswire/ -- Carr Realty Corporation announced today, after the close of trading, the initial public offering of 6.8 million shares of its common stock at a price of $22 per share. The offering is underwritten by a group of underwriters led by Merrill Lynch & Co. and includes Lehman Brothers and Legg Mason Wood Walker.
 Of the 6.8 million shares, 6.3 million are offered by Carr Realty Corporation and 500,000 are offered by The Oliver Carr Company, a shareholder of Carr Realty Corporation. Additionally, Carr Realty Corporation has granted a 30-day option to the underwriters to purchase up to 1,020,000 shares to cover over-allotments, if any, in connection with the offering.
 Carr Realty Corporation, which expects to qualify as a real estate investment trust (REIT), is succeeding to substantially all of the interests of The Oliver Carr Company and certain others in a portfolio of 14 Class A office buildings totalling 3.6 million rentable square feet in prime locations in Washington and to The Oliver Carr Company's management and leasing business.
 A copy of the prospectus may be obtained from the offices of Merrill Lynch & Co., World Financial Center, North Tower, New York, N.Y. 10281-1326; Lehman Brothers, American Express Tower, World Financial Center, New York, N.Y. 10285; or Legg Mason Wood Walker, 1747 Pennsylvania Ave., N.W., Washington, D.C. 20006-4691.
 -0- 2/8/93
 /CONTACT: Karen Widmayer of Carr Realty Corporation, 202-624-1789/


CO: Carr Realty Corporation ST: District of Columbia IN: SU: OFR

KD-TW -- DC035 -- 4341 02/08/93 17:52 EST
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Publication:PR Newswire
Date:Feb 8, 1993
Words:263
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