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Burnham Pacific Closes on the Sale of California Center

    SAN DIEGO, May 1 /PRNewswire-FirstCall/ -- Burnham Pacific Properties,
Inc. (NYSE: BPP) today announced that it has closed on the sale of
West Lancaster Plaza-Phase III, a portion of the approximate 160,000 square
foot West Lancaster Plaza, located in Lancaster, California.  The Company sold
its 29,000 square foot interest in the center for approximately $1.6 million
to Safah Capital, LLC, a California limited liability company.
    Burnham Pacific Properties, Inc. is a real estate investment trust (REIT)
that focuses on retail real estate.  More information on Burnham may be
obtained by visiting the Company's web site at http://www.burnhampacific.com .



SOURCE Burnham Pacific Properties, Inc.




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Related links:
  • http://www.burnhampacific.com
    CONTACT:
    Daniel B. Platt, Chief Financial Officer of
    Burnham Pacific Properties, Inc., +1-619-652-4700, fax
    +1-619-652-4711, dbplatt@bpac.com