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                                    EXHIBIT 1

                              Page 15 of ___ Pages



                                                                       Exhibit 1

                                    AGREEMENT

                  The undersigned hereby agree that this statement on Schedule
13D with respect to the beneficial ownership of shares of Common Stock of HRE
Properties is filed jointly, on behalf of each of them.

Dated:   November 27, 0000

                                    XXXXXXXXXXX XXXXXX LIMITED PARTNERSHIP 

                                    By:   HRE PROPERTIES, 
                                          as General Partner

                                          By:  /s/ Xxxxxxx X. Xxxxxxx
                                               --------------------------------
                                               Name:  Xxxxxxx X. Xxxxxxx
                                               Title: Chairman of the Board and
                                                      Chief Executive Officer

                                    HRE PROPERTIES

                                    By: /s/ Xxxxxxx X. Xxxxxxx
                                        ---------------------------------------
                                        Name:  Xxxxxxx X. Xxxxxxx
                                        Title: Chairman of the Board and
                                               Chief Executive Officer

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