TIMONIUM, MARYLAND — H&R Retail, a Washington-Baltimore based retail real estate services company, announced its leasing and sales results for the first half of 2003.

Through mid-year, the company reported the completion of 91 transactions with an aggregate value of $150 million. This represents a total of 1 million square feet of retail space leased and 150 acres of land sold. The dollar volume demonstrates a 22 percent increase over last year's mid-year figures.

"We are very pleased by these numbers and our team's performance during the first half of 2003," said David Ward, H&R Retail president. "We feel these figures reaffirm the success of our client-oriented approach to our services, as well as our position as the region's dominant retail real estate brokerage firm."

In addition, during the first half of 2003, the firm has completed multiple transactions with major national and regional retailers such as Target, Lowe's, Kohl's, Dicks Sporting Goods, Shoppers Food Warehouse, National Wholesale Liquidators and others.

About H&R Retail
H&R Retail, with offices in Timonium and Chevy Chase, Marylan, is the largest retail-only brokerage firm in the Washington, D.C./Baltimore metropolitan area. The firm currently represents over 65 exclusive listings and over 60 retailers and restaurants. In addition, a variety of national big box and chain retailers exclusively utilize H&R's services to assist with expansion plans throughout the region.