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Bradley Real Estate Declares Quarterly Dividend

    NORTHBROOK, Ill., May 14 /PRNewswire/ -- The Board of Directors of Bradley
Real Estate, Inc. (NYSE: BTR) today declared a regular quarterly cash dividend
of 35 cents per share payable on June 30, 1998, to stockholders of record on
June 10, 1998.  This payment represents the 148th consecutive quarterly
dividend paid by Bradley.
    Bradley Real Estate, Inc. is the nation's oldest real estate investment
trust (REIT) and a leading owner and operator of neighborhood and community
shopping centers located in the Midwest region of the United States.  The
company owns 62 properties located in 12 states aggregating 11.3 million
square feet of rentable space.


SOURCE Bradley Real Estate, Inc.




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CONTACT:
Thomas P. D'Arcy, President and CEO of
Bradley Real Estate, 847-272-9800; or Jenifer Estabrook of The
Financial Relations Board, 312-640-6787
NOTE TO EDITORS: For further information on Bradley Real Estate,
Inc. free of charge via fax, simply dial 1-800-PRO-INFO and enter
"BTR."