SOUTHFIELD, Mich., Aug. 29 /PRNewswire/ -- Ramco-Gershenson Properties
Trust (NYSE: RPT) announced today that it has signed a new lease with Publix
Supermarkets to replace its existing 39,000 square foot facility with a
prototypical store in 61,000 square feet at Lantana Shopping Center, a 116,000
square foot community shopping center in Lantana, Florida.  An exterior
renovation of the shopping center is also planned.  Lantana Shopping Center is
located at the intersection of I-95 and Lantana Road approximately 10 miles
south of West Palm Beach.
    "The signing of this lease marks the second agreement we have entered into
with Publix Supermarkets to expand successful stores in Florida this year,"
said Dennis Gershenson, president and chief executive officer.  "Each
agreement calls for the demolition of an existing building to make way for an
expanded, up-to-date store and highlights the major renovations slated for
both our Lantana and Sunshine Plaza shopping centers."
    Ramco-Gershenson Properties Trust has a portfolio of 55 shopping centers,
with approximately 11.1 million square feet of gross leasable area, located in
Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina,
South Carolina, Tennessee, Georgia, Alabama and Florida.  Headquartered in
Southfield, Michigan, the Company is a fully integrated, self-administered,
publicly-traded real estate investment trust (REIT).  The Trust owns,
develops, acquires and manages community shopping centers, regional malls and
single tenant retail properties, nationally.
    This press release contains forward-looking statements with respect
to the operation of certain of the Trust's properties.  Management of
Ramco-Gershenson believes the expectations reflected in the forward-looking
statements made in this document are based on reasonable assumptions.  Certain
factors could occur that might cause actual results to vary.  These include
general economic conditions, the strength of key industries in the cities in
which the Trust's properties are located, the performance of the Trust's
tenants at the Trust's properties and elsewhere, and other factors discussed
in the Trust's reports filed with the Securities and Exchange Commission.
    For more information on Ramco-Gershenson Properties Trust via facsimile at
no cost, simply dial 1-800-PRO-INFO and enter the company code RPT or visit
our Website @ http://www.ramcogershenson.com .

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