Centro Saturn Mergersub 8-K Entry into a Material Definitive Agreement

Exhibit 10.1

Heritage Property Investment Trust, Inc.

Named Executive Officer Compensation Schedule

Name and Principal Position	2005 Salary		2005 Bonus		Incentive Award(1)	2006 Base Salary
Thomas C. Prendergast, President and Chief Executive Officer	$	615,000	$	615,000	48,000	$	615,000
David G. Gaw, Senior V.P. and Chief Financial Officer	$	300,000	$	180,000	15,000	$	300,000
Robert G. Prendergast, Senior V.P. and Chief Operating Officer	$	285,000	$	171,000	15,000	$	300,000
Barry Rodenstein, V.P., Leasing	$	240,000	$	96,000	4,500	$	240,000
Bruce A. Anderson, V.P., Acquisitions	$	205,000	$	82,000	4,500	$	220,000

(1) These restricted shares are subject to transfer restrictions and risk of forfeiture that terminate ratably over three years. The restricted shares were awarded based on a value of $38.90 per share, the closing price of Heritage Common Stock on March 8, 2006.