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NEWTON, MA-HRPT Properties Trust, a locally based real estate investment trust, has priced a public offering of 13.25 million common shares of beneficial interest at a price of $9.51 per share.

The settlement of this sale is expected to occur on June 20. The trust intends to use the net proceeds of this offering to repay borrowings outstanding under its revolving bank credit facility and for what it terms “general business purposes.”

HRPT has also granted the underwriters of this offering a 30 day option to purchase up to nearly two million additional common shares. The lead manager of this offering was Merrill Lynch, Pierce, Fenner & Smith Inc. Co-managers were A.G. Edwards & Sons Inc., Legg Mason Wood Walker, UBS Investment Bank and Wachovia Securities.

HRPT owns and operates more than 200 office properties in 27 states and Washington, DC, totaling 24 million sf and worth $3.2 billion. In the Greater Boston area, the trust owns 109 Brookline Ave., 1295 Boylston Ave. and 251 Causeway St. in Boston; One Adams Place in Quincy; 47 Harvard St. in Westwood; and, 4 Maguire Rd in Lexington.

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