8-K

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C.  20549



                                   FORM 8-K
                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934



                       Date of Report: November 24, 1999
              Date of earliest event reported: November 23, 1999
                            _______________________



                           BRADLEY REAL ESTATE, INC.
            (Exact name of Registrant as specified in its charter)


          MARYLAND                  1-10328                04-6034603
(State or other jurisdiction    (Commission File        (I.R.S. Employer
      of incorporation)             Number)            Identification No.)


                40 SKOKIE BOULEVARD, NORTHBROOK, ILLINOIS 60062
             (Address of principal executive offices and zip code)



              Registrant's telephone number, including area code:
                                (847) 272-9800


Item 5.   Other Events.
          ------------

     On November 23, 1999, Bradley Real Estate, Inc. issued a press release
announcing the adoption of a share repurchase program, which is attached as
Exhibit 99.1 and incorporated by reference herein.


Item 7.   Financial Statements, Pro Forma Financial Information and Exhibits
          ------------------------------------------------------------------

     The following exhibits are filed with this report.

     NUMBER    DESCRIPTION
     ------    -----------

      99.1     Press Release issued November 23, 1999 announcing the adoption of
               a share repurchase program.

                                       2


                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                            BRADLEY REAL ESTATE, INC.




Date: November 24, 1999     By: /s/ Thomas P. D'Arcy
                                -----------------------------------
                                Thomas P. D'Arcy
                                Chairman, President and Chief Executive Officer


                                       3

EX-99.1

                                                                    EXHIBIT 99.1
                                                                    ------------



            BRADLEY REAL ESTATE ANNOUNCES SHARE REPURCHASE PLAN AND
                    2.7% INCREASE ON COMMON STOCK DIVIDEND

NORTHBROOK, ILL., Nov. 23/PRNewswire/ -- The Board of Directors of Bradley Real
Estate, Inc. (NYSE: BTR - news) today voted to authorize the Company to
repurchase up to 2 million shares of its outstanding common shares from time to
time through periodic open market transactions or through privately negotiated
transactions.  On November 22, 1999, Bradley Real Estate had 24,060,057 shares
outstanding.  The share repurchase program will be in effect until December 31,
2000, or until the authorized limit has been reached.  The Company expects that
the purchases will be funded primarily through asset sales.

Commenting on the program, Thomas P. D'Arcy, chairman and chief executive
officer, stated, "We seek to capitalize on current market conditions in which
the value of our underlying real estate is more highly valued in the private
property markets than in the public equity markets.  Therefore, we plan to
strategically dispose of certain assets and utilize the proceeds from such sales
to repurchase our stock while also paying down our debt.  This will allow us to
maintain the financial strength and flexibility our Company has long enjoyed
while adding value for our share owners through the reduction in our total
shares outstanding."

Also today, the Board of Directors declared a regular quarterly cash dividend on
its common stock of $0.38 per share, an increase of 2.7 percent over its
previous quarterly dividend of $0.37 per share.  The Board also declared a
regular quarterly cash dividend on its Series A Preferred Stock of $0.525 per
share.  Both classes of dividends are payable on December 31, 1999, to share
owners of record on December 13, 1999. The common stock dividend payment
represents the Company's 154th consecutive quarterly dividend payment to its
common share owners.

The preceding information contains forward-looking statements of the company's
plans, objectives and expectations, which are dependent upon a number of factors
including a stable retailing climate in the Midwestern United States, the
financial viability of the company's tenants and the continuing availability of
retail center acquisitions and development opportunities in the Midwest on
favorable terms.  Reference is made to the discussions under the captions "Risk
Factors" in the company's 1998 Form 10-K report, which includes a discussion of
certain other factors which could cause actual results to differ materially from
those in forward-looking statements.

Bradley Real Estate is the nation's oldest real estate investment trust and a
leading owner and operator of neighborhood and community shopping centers
located in the Midwest region of the United States.  The Company owns 98
shopping centers located in 15 states aggregating 15.5 million square feet of
rentable space.