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                                                                   EXHIBIT 21.1

                         SUBSIDIARIES OF THE REGISTRANT

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SUBSIDIARY                                          JURISDICTION OF ORGANIZATION
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Cabot Advisors, Inc.                                Delaware
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Cabot Industrial Members LLC                        Delaware
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BWI Warehouse #4 Limited Partnership                Maryland
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Annapolis Junction Land Limited Partnership         Maryland
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West Nursery Land Holding Limited                   Maryland
  Partnership
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GR-6 Limited Partnership                            Maryland
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GR-7 Limited Partnership                            Maryland
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Port Capital Center, LLP                            Maryland
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CIT Bollman Place Limited Partnership               Virginia
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CIT Greenwood Place Limited Partnership             Virginia
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CIT Stayton Drive Limited Partnership               California
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Rowland Street Holdings LLC                         Delaware
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San Fernando Road Holdings, LLC                     Delaware
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CIT Williams Drive LLC                              Delaware
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C-M Howe Investments Limited Partnership            Delaware
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CP Cherry Newark, LLC                               Delaware
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Cabot Ventures, LLC                                 Delaware
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Cabot Ventures II, LLC                              Delaware
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CIT Guilford Drive, LLC                             Delaware
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Bristol Property, LLC                               Maryland
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Guilford Property, LLC                              Maryland
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Linthicum Property, LLC                             Maryland
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Fontana Property 6, LLC                             Maryland
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Fontana Property 7, LLC                             Maryland
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Meadows Business Center, LLC                        Georgia
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Cabot Acquisition LLC                               Delaware
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