NORTHBROOK, Ill., May 27 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) today announced that the Board of Directors has elected Thomas P.
D'Arcy as Chairman of the Board and has appointed former Chairman Joseph Hakim
to the position of Chairman of the Executive Committee.
"I am very pleased with the Board's decision to elect Tom D'Arcy as the
company's new Chairman," said Hakim. "I have every confidence that he will
continue the excellent job he has performed since he became President and CEO
of the Company in February 1996. With the change of ownership at my current
employer, Merchandise Mart Properties, Inc., I believed it appropriate to step
down from my role as Chairman of Bradley. However, I look forward to my
continued role as a Director and my new role as Chairman of the Executive
Committee."
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 11.4 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 Dennis Waite, 312-640-6674,
of The Financial Relations Board
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."
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