<PAGE> 1
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
DECEMBER 8, 1997
(Date of Report)
Date of earliest event reported: December 4, 1997
BRADLEY OPERATING LIMITED PARTNERSHIP
(Exact name of Registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-23065 04-3306041
(Commission File Number) (I.R.S. Employer Identification No.)
40 SKOKIE BOULEVARD, SUITE 600
NORTHBROOK, ILLINOIS 60062-1626
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(847) 272-9800
<PAGE> 2
ITEM 5. OTHER EVENTS.
Bradley Operating Limited Partnership (the "Partnership") is the entity
through which Bradley Real Estate, Inc. (the "Company") conducts substantially
all of its business and owns (either directly or through subsidiaries)
substantially all of its assets. Following the close of trading on the New York
Stock Exchange (the "NYSE") on December 4, 1997, the Company entered into an
Underwriting Agreement (the "Underwriting Agreement") with C.E. Unterberg,
Towbin (the "Underwriter") regarding the underwritten public offering (the
"Offering") of 300,000 shares (the "Shares") of the Company's common stock, $.01
par value per share (the "Common Stock"). The Shares are being offered to the
public at a price of $20.50 per share, the closing price of the Common Stock on
the NYSE on December 4, 1997, with estimated net proceeds to the Company of
approximately $5.9 million after deducting the underwriting discount and other
expenses.
The Offering is being made pursuant to the Company's existing shelf
Registration Statement (Securities and Exchange Commission File No. 33-28167),
and the Company's Prospectus Supplement dated December 4, 1997 to the Prospectus
dated June 11, 1997.
The Company is required to contribute all proceeds from the sale of the
Shares to the Partnership in exchange for additional partnership units.
Following such contribution, the Partnership will use the net proceeds to reduce
outstanding indebtedness incurred under its line of credit with the expectation
that the Company and the Partnership may reborrow under the line for the
acquisition, development, renovation and expansion of properties.
2
<PAGE> 3
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.
Date: December 8, 1997 BRADLEY OPERATING LIMITED
PARTNERSHIP
By: BRADLEY REAL ESTATE, INC.,
its General Partner
By: /s/ Thomas P. D'Arcy
-------------------------------------
Thomas P. D'Arcy
President and Chief Executive Officer
3
<PAGE> 4
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Business Acquired: Not Applicable
(b) Pro Forma Financial Information: Not Applicable
(c) Exhibits
1.1 Underwriting Agreement dated December 4, 1997 by and between
the Company and the Underwriter (incorporated by reference to
the Current Report on Form 8-K filed by Bradley Real Estate,
Inc. on the date hereof).
4
