TIMONIUM, MD — H&R Retail, a Washington/Baltimore-based retail real estate services company, announced its leasing and sales results for 2003.

"We are very proud of our numbers and our team's performance in 2003," said David Ward, H&R Retail president. "The amount of transactions that we brokered and their corresponding dollar volume is a strong testament to our dedication to meeting our client's needs, as well as our knowledge and understanding of the retail market. Once again, our performance in 2003 reaffirms our position as the region's dominant retail real estate brokerage firm."

H&R Retail reported the completion of 190 transactions with an aggregate value of $322 million in 2003. This represents a total of 2.95 million square feet of retail space leased or sold. The value of the firm's transactions demonstrates a 29 percent increase over the aggregate value of transactions completed in 2002 ($250 million).

In 2003 the firm also completed multiple transactions with major national and regional retailers such as Target, Lowe's, Kohl's, Shoppers Food Warehouse, National Wholesale Liquidators, Dick's Sporting Goods, Ross Dress for Less, Michael's, and others.

About H&R Retail
H&R Retail, with offices in Timonium and Chevy Chase, Maryland, 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 65 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.