NORTHBROOK, Ill., Jan. 23 /PRNewswire/ -- Bradley Real Estate, Inc.
(NYSE: BTR) today announced the acquisition of four midwest shopping
centersduring the past month.  The properties, located in Indiana, Kansas,
Iowa and Minnesota, aggregate 379,000 square feet and were purchased at a
total price of approximately $25 million representing an approximate cash
yield of 10.9 percent.  The acquisitions include:  Martin's Bittersweet Plaza,
a 78,000 square foot, 98 percent-occupied center anchored by Martin's
Supermarket and Osco Drug located in Mishawaka, Ind., near South Bend; Santa
Fe Square, a 134,000 square foot, 94 percent-occupied center anchored by
Schnucks Grocery located in Olathe, Kan.; Warren Plaza, a 90,000 square foot,
100 percent-occupied center anchored by Hy-Vee Foods located in Dubuque, Iowa;
and the fourth acquisition, Roseville Center, a 77,000 square foot,
94 percent-occupied center located in Roseville, Minn., anchored by a non-
owned Rainbow Foods Supermarket. Roseville Center was purchased with
partnership units issued in Bradley's UPREIT.
    Tom D'Arcy, president and CEO, commented, "These acquisitions reflect
Bradley's focus on grocery-anchored neighborhood and community shopping
centers located in both the primary and secondary markets in the Midwest.  As
we seek to establish Bradley as a dominant company operating in our markets,
we are pursuing an aggressive acquisition program aimed at taking advantage of
favorable investment opportunities."
    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 35 properties in 13 states aggregating approximately 8 million
square feet of rentable space.

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