NORTHBROOK, Ill., March 10, /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) today announced the closing of $75 million of 8.875 percent,
six-year unsecured notes maturing March 15, 2006, issued by Bradley Operating
Limited Partnership.  The notes were priced on March 7, 2000 and were sold at
99.974 percent of par to yield 8.88 percent to maturity.  The securities are
rated Baa3 by Moody's Investors Service and BBB- by Standard & Poor's
Investment Services.  The net proceeds from the offering were used to pay-down
amounts outstanding under the company's bank line of credit.
    The offering was jointly lead-managed by Deutsche Banc Alex. Brown and
Sutro & Co.
    Bradley Real Estate, Inc. is the nation's oldest real estate investment
trust (REIT) and through its operating partnership is a leading owner and
operator of neighborhood and community shopping centers located in the Midwest
region of the United States.  The company owns 99 properties in 15 states
aggregating 15.8 million square feet of rentable space.  The company has paid
154 consecutive quarterly dividends.

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