Document:

<PAGE>

                                                                  EXHIBIT 10.19

                     PRUDENTIAL INVESTMENT MANAGEMENT, INC.
                  PRUDENTIAL INVESTMENT MANAGEMENT SERVICES LLC

                          Dated as of March __, 2002

Heritage Property Investment Trust, Inc.
535 Boylston Street
Boston, MA 02116

         Re:  Prudential Advisory Services

Ladies and Gentlemen:

         Reference is hereby made to that certain letter agreement, dated as of
July 13, 1999, as amended, including by that certain letter agreement, dated as
of September 18, 2000 (the "ENGAGEMENT LETTER"), relating to the retention of
Prudential Investment Management, Inc. (f/k/a The Prudential Investment
Corporation, "PIC") and Prudential Investment Management Services LLC ("PIMS"
and together with PIC, "PRUDENTIAL"), as advisors to Heritage Property
Investment Trust, Inc. ("HERITAGE"), as described in the Engagement Letter. We
understand that Heritage proposes to complete an initial public offering (the
"INITIAL PUBLIC OFFERING") of shares of its common stock, par value $.001 per
share ("COMMON STOCK"). In connection with the consummation of the Initial
Public Offering (the "CLOSING"), the parties hereto wish to enter into this
letter agreement providing for the terms of the advisory fee in connection
with the Initial Public Offering and the termination of the Engagement Letter
effective upon the Closing in accordance with the terms set forth below.

         1. TERMINATION OF ENGAGEMENT LETTER. Effective upon the Closing, each
of the parties hereto hereby acknowledges and agrees that, except as expressly
provided in Section 3 hereof, the Engagement Letter shall terminate and be of no
force and effect, and, from and after the Closing, Prudential shall have no
right to provide any advisory or other services to Heritage under the Engagement
Letter and, except as expressly provided in Section 3 hereof, neither Heritage
or any of its affiliates nor Prudential or any of its affiliates shall have any
obligations to the other party hereto under the Engagement Letter, all such
obligations having been satisfied and discharged.

         2. INITIAL PUBLIC OFFERING FEE. In consideration for certain services
provided by Prudential to Heritage under the Engagement Letter in connection
with the Initial Public Offering, Heritage agrees to pay to Prudential on the
business day immediately following the Closing by wire transfer of immediately
available funds, an amount in cash equal to the product of (a) .0050, multiplied
by (b) 27,000,000, multiplied by (c) the initial public offering price paid in
connection with the Initial Public Offering (the "INITIAL PUBLIC OFFERING FEE").
For purposes of illustration only, if the initial public offering price paid in
connection with the Initial Public Offering is $25.00 per share, the

<PAGE>

                                      -2-

Initial Public Offering Fee would be $3,375,000. In addition, on the business
day immediately following the Closing, as provided in Section 4 of the
Engagement Letter, Heritage shall also reimburse Prudential for all out of
pocket incidental expenses incurred by Prudential and not reimbursed by Heritage
prior to the Closing. Upon payment of the Initial Public Offering Fee and
reimbursement of expenses provided in the foregoing sentence, Heritage shall not
be required to pay to Prudential or any of its affiliates, and neither
Prudential nor any of its affiliates shall be entitled to receive, any
additional compensation or amounts with respect to services performed by
Prudential on Heritage's behalf, whether prior to or following the Closing,
including without limitation, under the Engagement Letter.

         3. SURVIVAL. Notwithstanding the termination of the Engagement Letter
in accordance with the terms of this Agreement, Sections 5, 6, 7 and 8 of the
Engagement Letter shall survive such termination and shall continue in full
force and effect. Without in any way modifying the foregoing sentence, the PIMS
Indemnification Letter shall survive the termination of the Engagement Letter
and shall continue in full force and effect in accordance with its terms.

         4. ENTIRE AGREEMENT. This Agreement contains the entire understanding
of the parties, supersedes all prior agreements and understandings, whether
written or oral, relating to the subject matter hereof, including without
limitation the Engagement Letter, and may not be amended except by a written
instrument hereafter signed by the parties hereto.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

<PAGE>

                                      -3-

         If the foregoing correctly sets forth the understanding between us,
please so indicate on the enclosed signed copy of this Agreement in the space
provided below and return it to Prudential, whereupon this Agreement shall
constitute a binding agreement between us.

                                  Very truly yours,

                                  PRUDENTIAL INVESTMENT
                                  MANAGEMENT, INC.
                                  (f/k/a The Prudential Investment Corporation)

                                  By:
                                      -----------------------------------------
                                      Name:
                                      Title:

                                  PRUDENTIAL INVESTMENT
                                  MANAGEMENT SERVICES, LLC

                                  By:
                                      -----------------------------------------
                                      Name:
                                      Title:

Accepted and Agreed:

HERITAGE PROPERTY INVESTMENT
TRUST, INC.

By:
    -------------------------
    Name:
    Title:<PAGE>

                                                                EXHIBIT 10.4

                           ASBURY AUTOMOTIVE GROUP L.L.C.

                              FORM OF FOURTH AMENDED AND RESTATED LIMITED
                         LIABILITY COMPANY AGREEMENT (this "Agreement") dated as
                         of [     ],  2002, of ASBURY AUTOMOTIVE GROUP L.L.C., a
                         Delaware limited liability company (the "Company"),
                         adopted by Asbury Automotive Group, Inc., a Delaware
                         corporation ("AAG"), and ASBURY AUTOMOTIVE GROUP
                         HOLDINGS, INC., a Delaware corporation ("Sub"), as the
                         members.

                              PRELIMINARY STATEMENT

                  WHEREAS Asbury Villanova IV L.L.C., a Delaware limited
liability company, caused the Company to be formed under the Delaware Limited
Liability Company Act (6 DEL. C. ss. 18-101, ET SEQ., as amended from time to
time (the "Delaware Act")) by filing with the Secretary of State of the State of
Delaware on May 15, 1998, the certificate of formation of the Company and by
entering into the original limited liability company agreement, dated as of May
15, 1998, of the Company, which agreement was amended and restated in its
entirety pursuant to the First Amended and Restated Limited Liability Company
Agreement dated as of December 4, 1998, the Second Amended and Restated Limited
Liability Company Agreement dated as of March 18, 1999 and the Third Amended and
Restated Limited Liability Company Agreement dated as of February 1, 2000 (the
"Previous Agreement");

                  WHEREAS, pursuant to Article VIII of the Previous Agreement,
Asbury Automotive Holdings L.L.C., a Delaware limited liability company ("AAH")
has the right to cause an IPO (as defined in the Previous Agreement), and in
connection with the IPO, AAH and the Previous Members (as defined below) have
entered into the Transfer and Exchange Agreement dated as of March 1, 2002 (the
"Transfer and Exchange Agreement"), among AAG, AAH and the Previous Members;

                  WHEREAS in connection with the Transfer and Exchange (as
defined in the Transfer and Exchange Agreement) effected by the Transfer and
Exchange Agreement, all of the members of the Company under the Previous
Agreement (such members, the "Previous Members") transferred their membership
interests in the Company to AAG and Sub, as

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                                                                           2

described in the Transfer and Exchange Agreement, in exchange for shares of
common stock, par value $0.01 per share, of AAG. As a result of the Transfer and
Exchange, there are no members of the Company (the "Members") other than AAG and
Sub, accordingly, AAG and Sub are the Members of the Company;

                  WHEREAS, pursuant to Section 8.05 of the Previous Agreement,
AAH holds a power of attorney and irrevocable proxy from each of the Previous
Members to enter into this Agreement on their behalf; and

                  WHEREAS as the Previous Members, AAG and Sub desire to amend
and restate the Previous Agreement.

                  Accordingly, AAG and Sub hereby adopt the following as the
"Limited Liability Company Agreement" of the Company within the meaning of the
Delaware Act:

                                    ARTICLE I

                               GENERAL PROVISIONS

                  SECTION 1.01. NAME. The name of the Company is "Asbury
Automotive Group L.L.C.".

                  SECTION 1.02. PURPOSE. The purpose of the Company is to engage
in any lawful act or activity for which a limited liability company may be
organized under the Delaware Act.

                  SECTION 1.03. REGISTERED OFFICE. The registered office of the
Company in the State of Delaware is The Corporation Trust Company, Corporation
Trust Center, 1209 Orange Street, Wilmington, Delaware 19801.

                  SECTION 1.04. REGISTERED AGENT. The name and address of the
registered agent of the Company for service of process on the Company in the
State of Delaware is The Corporation Trust Company, Corporation Trust Center,
1209 Orange Street, Wilmington, Delaware 19801.

                  SECTION 1.05.  MEMBERS.  The name and the address of the
Members are as follows:

<PAGE>

                                                                           3

                  Asbury Automotive Group, Inc.
                  3 Landmark Square
                  Suite 500
                  Stamford, CT  06901
                  Attention: General Counsel
                  Telephone: (203) 356-4400
                  Telecopy:  (203) 356-4450

                  Asbury Automotive Group Holdings, Inc.
                  c/o Asbury Automotive Group, Inc.
                  3 Landmark Square
                  Suite 500
                  Stamford, CT  06901
                  Attention: General Counsel
                  Telephone: (203) 356-4400
                  Telecopy:  (203) 356-4450

                  SECTION 1.06. PREVIOUS WITHDRAWAL. Each Previous Member of the
Company under the Previous Agreement hereby withdraws as a Member upon and as of
the occurrence of the Transfer and Exchange pursuant (and as defined in) to the
Transfer and Exchange Agreement.

                               ARTICLE II

                               MANAGEMENT

                  SECTION 2.01. MANAGEMENT. (a) Subject to Section 2.01(b), the
business and affairs of the Company shall be managed solely by AAG, who shall
have the exclusive power and authority, on behalf of the Company, to take any
action of any kind not inconsistent with the express provisions of this
Agreement and to do anything and everything it deems necessary or appropriate to
carry on the business and purposes of the Company. AAG is, to the extent of its
rights and powers set forth in this Agreement, an agent of the Company for the
purpose of the Company's business, and its actions taken in accordance with such
rights and powers shall bind the Company. AAG shall exercise its authority as
such in its capacity as a Member.

<PAGE>

                                                                           4

The Company shall not have any "managers" within the meaning of the Delaware
Act.

                  (b) AAG may adopt, amend and revoke regulations of the Company
(the "Regulations") setting forth such matters concerning the management of the
Company and not inconsistent with the express provisions of this Agreement as
may be determined from time to time by AAG. Such Regulations (including any
amendment or revocation thereof) shall be in writing and shall be executed by
AAG. AAG may assign to any person such powers, duties and titles as AAG may from
time to time determine and set forth in the Regulations.

                  SECTION 2.02.  DISSOLUTION.  The Company shall be dissolved
and its affairs shall be wound up only upon the decision of AAG to dissolve the
Company.

                  SECTION 2.03. LIQUIDATION. Upon a dissolution pursuant to
Section 2.02, the Company business and Company assets shall be liquidated in an
orderly manner. AAG shall be the liquidator to wind up the affairs of the
Company pursuant to this Agreement. In performing its duties, the liquidator is
authorized to sell, distribute, exchange or otherwise dispose of Company assets
in accordance with the Delaware Act in any reasonable manner that the liquidator
shall determine to be in the best interest of the Members.

                                   ARTICLE III

                              CAPITAL CONTRIBUTIONS

                  SECTION 3.01. PERCENTAGE INTERESTS.  The percentage interests
 of the Members of the Company are as follows:

                                         PERCENTAGE
 MEMBER                                   INTEREST

Asbury Automotive
Group, Inc.                                90%

Asbury Automotive
Group Holdings, Inc.                       10%

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                                                                           5

                  SECTION 3.02.  CAPITAL CONTRIBUTIONS.  The Members shall have
no obligation to make any capital contribution to the Company after the date
hereof, but may do so from time to time.

                  SECTION 3.03. TAX MATTERS. The Company shall be treated as a
partnership for U.S. federal income tax purposes. The Company shall maintain a
capital account for each Member in accordance with Treasury Regulation Section
1.704-1(b). The Company's taxable income and tax losses shall be allocated PRO
RATA based on Percentage Interests. AAG shall act as the "tax matters partner"
within the meaning of Section 6231(a)(7) of the Internal Revenue Code of 1986,
as amended.

                                   ARTICLE IV

                              TRANSFER OF INTERESTS

                  SECTION 4.01.  DISTRIBUTIONS.  (a) Distributions shall be made
at the times and in the aggregate amounts determined by AAG.

                  (b) Notwithstanding anything in this Agreement to the
contrary, the provisions of the Previous Agreement necessary to administer the
Company's outstanding accounting and tax matters (including Section 6.01(c) of
the Previous Agreement)_with respect to periods prior to the effectiveness of
the IPO (as defined in the Previous Agreement) shall survive the amendment and
restatement of the Previous Agreement and shall remain in effect following
effectiveness of the IPO solely for such purpose.

                  SECTION 4.02. RESTRICTIONS ON TRANSFER. Any Member shall have
the right to sell, assign, dispose of, or otherwise transfer, pledge or
encumber, all or any part of its membership interest or economic interest in the
Company.

                  SECTION 4.03. ADMISSION OF ADDITIONAL OR SUBSTITUTE MEMBERS.
No substitute or additional Members

<PAGE>

                                                                           6

shall be admitted to the Company without the written approval of AAG, acting in
its sole discretion.

                                    ARTICLE V

                                  MISCELLANEOUS

                  SECTION 5.01. LIABILITY OF MEMBERS. Except as may be otherwise
provided by the Delaware Act or herein, the debts, obligations and liabilities
of the Company, whether arising in contract, tort or otherwise, shall be solely
the debts, obligations and liabilities of the Company, and no Member shall be
obligated personally for any such debt, obligation or liability of the Company
solely by reason of being a Member. No Member shall be liable to make up any
deficit in its capital account. This Section 5.01 shall survive any termination
of this Agreement and the dissolution of the Company.

                  SECTION 5.02. SCOPE OF PERMITTED INDEMNIFICATION. (a) GENERAL
RULE. The Company will indemnify, to the fullest extent permitted by law, an
indemnified representative on an after-tax basis against any liability incurred
in condition with any proceeding in which the indemnified representative may be
involved as a party or otherwise by reason of the fact that such person is or
was serving in an indemnified capacity, including liabilities resulting from any
actual or alleged breach or neglect of duty, error, misstatement or misleading
statement or act giving rise to strict or products liability; PROVIDED that no
indemnity shall be payable hereunder against any liability incurred by such
indemnified representative by reason of (i) fraud, wilful violation of law,
gross negligence or its material breach of this Agreement or its bad faith or
(ii) the receipt by such indemnified representative from the Company of a
personal benefit to which such indemnified representative is or was not legally
entitled. Such an indemnity may be provided to an indemnified representative
pursuant to the Regulations of the Company or pursuant to a written agreement of
the Company.

                  (b) DEFINITIONS. For purposes of this Section 5.02: (i)
"indemnified capacity" means any and all past, present and future service by an
indemnified

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                                                                           7

representative in one or more capacities as a Member, director, officer,
employee or agent of the Company, or, at the request of the Company, as a
member, partner, stockholder, director, officer, employee, agent, fiduciary or
trustee of another limited liability company, corporation, partnership, joint
venture, trust, employee benefit plan or other entity or enterprise, (ii)
"indemnified representative" means any and all Members, directors and officers
of the Company and any other person designated as an indemnified representative
by AAG as the sole Member (which may, but need not, include any person serving,
at the request of the Company, as a member, stockholder, partner, director,
officer, employee, agent, fiduciary or trustee of another limited liability
company, corporation, partnership, joint venture, trust, employee benefit plan
or other entity or enterprise), (iii) "liability" means any damage, judgment,
amount paid in settlement, fine, penalty, punitive damages, excise tax or cost
or expense of any nature (including attorneys' fees and disbursements) and (iv)
"proceeding" means any threatened, pending or completed action, suit, appeal or
other proceeding of any nature, whether civil, criminal, administrative or
investigative, whether formal or informal, and whether brought by or in the
right of the Company, its Members or otherwise.

                  SECTION 5.03. BENEFITS OF AGREEMENT. None of the provisions of
this Agreement shall be for the benefit of or enforceable by any creditor of the
Company or by any creditor of any Member; PROVIDED, HOWEVER, that Sections 5.01
and 5.02 shall benefit the persons referred to therein.

                  SECTION 5.04. GOVERNING LAW. This Agreement shall be governed
by and construed under the internal laws of the State of Delaware, all rights
and remedies being governed by such laws without regard to principles of
conflict of law. This Agreement shall be construed in accordance with Section
18-1101 of the Delaware Act.

                  SECTION 5.05.  HEADINGS.  The titles of Sections of this
Agreement are for convenience only and shall not be interpreted to limit or
amplify the provisions
<PAGE>

                                                                           8

of this Agreement.

                  SECTION 5.06. SEVERABILITY. Each provision of this Agreement
shall be considered separable, and if for any reason any provision or provisions
hereof are determined to be invalid and contrary to any existing or future law,
such invalidity shall not impair the operation of or affect those portions of
this Agreement which are valid.

<PAGE>

                                                                           9

                  IN WITNESS WHEREOF, the undersigned, intending to be legally
bound hereby, has duly executed this Agreement as of the date first above
written.

                                            Members:

                                            ASBURY AUTOMOTIVE GROUP, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            ASBURY AUTOMOTIVE GROUP
                                            HOLDINGS, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            Previous Members:

                                            ASBURY AUTOMOTIVE HOLDINGS L.L.C.,

                                            by __________________________
                                               Name:
                                               Title:

                                            NALLEY MANAGEMENT SERVICES, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            NALLEY CHEVROLET, INC.

                                            by __________________________
                                               Name:
                                               Title:
<PAGE>
                                                                            10

                                            SPECTRUM SOUND & ACCESSORIES, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            NALLEY MARIETTA AUTOMOBILES, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            NALLEY LUXURY IMPORTS, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            NALLEY ATLANTA IMPORTS, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                            SPECTRUM LEASING, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                             THOMAS F. MCLARTY III

<PAGE>
                                                                         11

                                            by __________________________
                                               Name:
                                               Title:

                                             MARK C. MCLARTY

                                            by __________________________
                                               Name:
                                               Title:

                                             THE FRANKLIN H. MCLARTY IRREVOCABLE
                                             TRUST

                                            by __________________________
                                               Name:
                                               Title:

                                             THE CALDWELL FAMILY LIMITED
                                             PARTNERSHIP

                                            by __________________________
                                               Name:
                                               Title:

                                             RIVER RIDGE INVESTMENTS, LLC

                                            by __________________________
                                               Name:
                                               Title:

                                             THE LAURA M. HUMPHRIES IRREVOCABLE
                                             TRUST

                                            by __________________________
                                               Name:
                                               Title:

<PAGE>
                                                                          12

                                             THE MATTHEW B. HUMPHRIES
                                             IRREVOCABLE TRUST

                                            by __________________________
                                               Name:
                                               Title:

                                             ROB FERON

                                            by __________________________
                                               Name:
                                               Title:

                                             TODD SHORES

                                            by __________________________
                                               Name:
                                               Title:

                                             PHILLIP H. MAYFIELD

                                            by __________________________
                                               Name:
                                               Title:

                                             LUTHER COGGIN

                                            by __________________________
                                               Name:
                                               Title:

                                             TRACYE C. HAWKINS 1999 ATT TRUST

                                            by __________________________
                                               Name:
                                               Title:

<PAGE>
                                                                            13

                                             CHRISTY C. HAYDEN 1999 ATT TRUST

                                            by __________________________
                                               Name:
                                               Title:

                                             CINDY S. COGGIN 1999 ATT TRUST

                                            by __________________________
                                               Name:
                                               Title:

                                             RICHARD A. CARACELLO

                                            by __________________________
                                               Name:
                                               Title:

                                             KEVIN DELANEY

                                            by __________________________
                                               Name:
                                               Title:

                                             MITCHELL W. LEGLER AND HARRIETTE D.
                                             LEGLER, TENANTS BY THE ENTIRETIES

                                            by __________________________
                                               Name:
                                               Title:

                                             LINDA L. MARLETTE

                                            by __________________________
                                               Name:

<PAGE>

                                                                          14

                                               Title:

                                             CHARLES L. MCINTOSH

                                            by __________________________
                                               Name:
                                               Title:

                                             NANCY D. NOBLE

                                            by __________________________
                                               Name:
                                               Title:

                                             THOMAS G. ROETS, JR.

                                            by __________________________
                                               Name:
                                               Title:

                                             JOHN M. ROOKS

                                            by __________________________
                                               Name:
                                               Title:

                                             TODD F. SETH

                                            by __________________________
                                               Name:
                                               Title:

                                             CHARLIE (C.B.) TOMM AND ANITA
                                             DESAUSSURE TOMM, TENANTS BY THE
                                             ENTIRETIES

<PAGE>
                                                                           15

                                            by __________________________
                                               Name:
                                               Title:

                                             STEPHEN M. SILVERIO

                                            by __________________________
                                               Name:
                                               Title:

                                             CNC AUTOMOTIVE, LLC

                                            by __________________________
                                               Name:
                                               Title:

                                             DEALER GROUP LLC

                                            by __________________________
                                               Name:
                                               Title:

                                             JOHN R. CAPPS

                                            by __________________________
                                               Name:
                                               Title:

                                             J.I.W. ENTERPRISES, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                             DMCD AUTOS IRVING, INC.

<PAGE>
                                                                           16

                                            by __________________________
                                               Name:
                                               Title:

                                             DMCD AUTOS HOUSTON, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                             JAMES TORDA

                                            by __________________________
                                               Name:
                                               Title:

                                             DAVE WEGNER

                                            by __________________________
                                               Name:
                                               Title:

                                             CHILDS & ASSOCIATES INC.

                                            by __________________________
                                               Name:
                                               Title:

                                             BUDDY HUTCHINSON CARS, INC.

                                            by __________________________
                                               Name:
                                               Title:

                                             JEFF KING

<PAGE>
                                                                           17

                                            by __________________________
                                               Name:
                                               Title:

                                             ROBERT E. GRAY

                                            by __________________________
                                               Name:
                                               Title:

                                             NOEL DANIELS

                                            by __________________________
                                               Name:
                                               Title:

                                             STEVEN INZINNA

                                            by __________________________
                                               Name:
                                               Title:

                                             JOSEPH UMBRIANO

                                            by __________________________
                                               Name:
                                               Title:

                                             PAULA TABAR

                                            by __________________________
                                               Name:
                                               Title:

                                             GIBSON FAMILY PARTNERSHIP, L.P.

                                            by __________________________
                                               Name:
                                               Title:

<PAGE>
                                                                           18

                                             ROBERT DENNIS

                                            by __________________________
                                               Name:
                                               Title:

                                             THOMAS G. MCCOLLUM

                                            by __________________________
                                               Name:
                                               Title:

                                             AND EACH OTHER MEMBER OF THE
                                             COMPANY

                                             by  ASBURY AUTOMOTIVE HOLDINGS
                                                 L.L.C., as attorney-in-fact for
                                                 the other Members pursuant to
                                                 the Powers of Attorney granted
                                                 pursuant to Section 8.05 of the
                                                 AAG LLC Agreement.

                                            by __________________________
                                               Name:
                                               Title:

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