HORIZON GROUP PROPERTIES INC
EX-10.119
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<p align="right" style="color:windowtext;margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.119</font></b></p>

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<p align="center" style="color:windowtext;margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="355" height="56" src="g30701kqimage002.jpg"></font></p>

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  <p style="color:windowtext;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">FOR
  IMMEDIATE RELEASE</font></b></p>
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  <p style="color:windowtext;margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONTACT:
  Gina Slechta</font></b></p>
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  <p style="color:windowtext;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Director of Marketing</font></p>
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  <p style="color:windowtext;margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">402-332-4940</font></p>
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<p align="center" style="color:windowtext;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">HORIZON GROUP PROPERTIES SELLS<br>
LAKESHORE MARKETPLACE</font></b></p>

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<p style="color:windowtext;font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(Chicago, Illinois &#150; August 20, 2003)</font></b> &#151;
Horizon Group Properties, Inc. (HGP) (NASDAQ: HGPI),<b><font style="font-weight:bold;">  </font></b>an owner, operator and
developer of factory outlet centers and land developer, today announced that it
had sold the 361,000 square foot Lakeshore Marketplace (&#147;Lakeshore&#148;) in Norton
Shores, Michigan.&#160; The shopping center
is anchored by TJ Maxx, Barnes &amp; Noble, Old Navy, Elder Beerman, Hobby
Lobby, Toys R Us, Dunhams, Pier One Imports and Petco. The shopping center was
sold for $22.5 million to Ramco-Gershenson Properties Trust (NYSE:<u>RPT</u>).&#160; HGP will recognize a gain of approximately
$6.0 million on the sale.</p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Horizon Group Properties is pleased to have added
significant value to Lakeshore Marketplace which resulted in a favorable
sale.&#148;&#160; according to Gary J. Skoien,
Chairman, President and Chief Executive Officer of Horizon Group Properties. &#147;
HGP acquired Lakeshore Marketplace in 1998 when it was 67% occupied and at the
time it was sold, the center was virtually 100% occupied. In addition, HGP sold
three out parcels during that&#160; period it
owned the center.</font></p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proceeds
from the sale of&#160; Lakeshore were used
by&#160; HGP to pay down $2 million of a $7
million loan secured by the Monroe Outlet Center and approximately 70 acres in
Fruitport Township, Michigan. This paydown will result in HGP saving $60,000 in
annual loan guarantee payments currently being made to Prime Retail, Inc. Three
million dollars will be reserved to pay infrastructure and interest payments of
its recently acquired Huntley&#160; property
and the remainder utilized for corporate working capital.</font></p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">HGP is currently developing and offering for sale
other parcels of land in the area totaling 110 acres. These parcels benefit
from the proximity to Lakeshore, The&#160;
Lakes Mall and a significant amount of recent commercial development.</font></p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;The parcels include new development opportunities
which are ideal locations for retail and other ancillary uses which compliment
this emerging retail and service corridor&#148;&#160;
according to Thomas Rumptz, Senior Vice President of&#160; HGP who is directing the sale of these
parcels and was also responsible for the sale to Ramco-Gershenson Properties
Trust.</font></p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Based in Chicago, Illinois, Horizon Group Properties,
Inc. has 9 factory outlet centers in 7 states totaling approximately 1.8
million square feet and is the developer of a master planned community in
suburban Chicago.</font></p>

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<p style="color:windowtext;margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Safe Harbor Statement: The
statements contained herein, which are not historical facts, are
forward-looking statements based upon economic forecasts, budgets, and other
factors which, by their nature, involve known risks, uncertainties and other
factors which may cause the actual results, performance or achievements of
Horizon Group Properties, Inc. to be materially different from any future
results implied by such statements.&#160; In
particular, among the factors that could cause actual results to differ
materially are the following: business conditions and the general economy,
competitive factors, interest rates and other risks inherent in the real estate
business.&#160;&#160; For further information on
factors which could impact the Company and the statements contained herein,
reference is made to the Company&#146;s filings with the Securities and Exchange
Commission.</font></i></p>

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