EXHIBIT 99.3
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AT THE TRUST
Robert G. Higgins                          Investor Relations
First Vice President, General Counsel      L.G. Schafran - Chairman and
630-218-7255                               Interim CEO/President
bhiggins@banyanreit.com                    630-218-7250
                                           ir@banyanreit.com



FOR IMMEDIATE RELEASE
MONDAY, MARCH 4, 2002


             BANYAN STRATEGIC REALTY TRUST SIGNS CONTRACT TO SELL
                       UNIVERSITY SQUARE BUSINESS CENTER


OAK BROOK, ILLINOIS - MARCH 4, 2002 - BANYAN STRATEGIC REALTY TRUST
(Nasdaq:  BSRTS) today announced that it has signed a contract to sell its
Huntsville, Alabama property, known as University Square Business Center,
for a gross purchase price of $8.45 million.  The purchaser is USBC, LLC,
an Alabama limited liability company, whose principals include Alan C.
Jenkins and Joel L. Teglia.  Mr. Jenkins is a principal in InterSouth
Properties, Inc., the current manager of the property, and Mr. Teglia is
the executive vice-president and chief financial officer of Banyan.

University Square is a six-building office complex containing 184,738
rentable square feet on 19 acres located in western Huntsville, Alabama.
It is currently ninety percent (90%) leased to 48 tenants.

The purchase contract contains no inspection period and is contingent only
upon the purchaser obtaining the approval of Wells Fargo Bank, N.A. to
assume the existing first mortgage debt that encumbers the property, which
has an approximate principal balance of $4.65 million.  In the alternative,
the purchaser may elect to obtain conventional financing, in which event
the transaction is not contingent upon financing and the purchaser must pay
the Trust's prepayment penalty to Wells Fargo (approximately $900,000 -
$950,000 depending upon prevailing interest rates at the time of payoff).

Closing is scheduled to occur on or before May 15, 2002, unless an
extension is required to complete the debt assumption process.  In the
event Wells Fargo fails to approve the assumption, and the purchaser has
not elected to avail itself of alternative financing, the contract will be
terminated without penalty to the purchaser.

If the transaction closes, the Trust expects to utilize the proceeds to
retire (or in the event of an assumption, credit to the purchaser) the
existing University Square debt ($4.65 million) and to pay related closing
costs and prorations (approximately $0.15 million), thus realizing net
proceeds of approximately $3.65 million, or approximately $0.23 per share.

The Trust emphasized that it intends to continue its policy of making
liquidating distributions to its shareholders when, and as often as,
conditions warrant, including as soon as is practical after a closing.  The
Trust added that it now has two of its three remaining properties under
contract, and it continues to market for sale the Northlake Tower Festival
Mall in Atlanta, Georgia.  The Trust also noted that pursuit of the pending
litigation between the Trust and its suspended president Leonard G. Levine
continues to be the primary focus of the Trust's litigation strategy going
forward.





                                    -more-





BANYAN STRATEGIC REALTY TRUST
ADD 1




Banyan Strategic Realty Trust is an equity Real Estate Investment Trust
(REIT) that, on January 5, 2001, adopted a Plan of Termination and
Liquidation.  On May 17, 2001, the Trust sold approximately 85% of its
portfolio in a single transaction and now owns interests in three (3) real
estate properties located in Atlanta, Georgia; Huntsville, Alabama (the
subject matter of this release); and Louisville, Kentucky (which is the
subject matter of the Trust's press release of February 21, 2002).  As of
this date, the Trust has 15,496,806 shares of beneficial interest
outstanding.



Except for the historical information contained herein, certain matters
discussed in this release are forward-looking statements, the achievement
of which involve risks and uncertainties such as the sale of the Trust's
remaining properties, the amount of the remaining liquidating
distributions, the outcome of pending litigation and other risks and
uncertainties that are detailed from time to time in the Trust's reports
filed with the Securities and Exchange Commission, including the report on
Form 10-K for the year ended December 31, 2000 and in the "Management's
Discussion and Analysis of Financial Condition and Results of Operations"
section which was included in the Trust's Form 10-Q for the quarter ended
September 30, 2001, which was filed with the Securities and Exchange
Commission on November 14, 2001.  Without limitation, the foregoing words
such as "anticipates", "expects", "intends", "plans", and similar
expressions are intended to identify forward-looking statements.





              See Banyan's Website at http://www.banyanreit.com.
































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