Bedford Property Investors Announces New Lease Transaction
July 14 2005 - 1:57PM
Business Wire
Bedford Property Investors, Inc. (NYSE:BED) announced today the
signing of a lease for 31,372 square feet of its Suntech 3 property
located in Hillsboro, Oregon. The six year lease is with Fiber
Sensys, LLC, a Compudyne Company involved in the manufacturing of
high performance fiber-optic intrusion detection systems. The lease
is expected to commence early in the fourth quarter of 2005. "This
is the first lease that we have signed for the 83,244 square foot
Suntech 3 building that we bought as a vacant building last year,"
said Peter B. Bedford, Chairman of the Board and Chief Executive
Officer. "The property is now 38% leased." Bedford Property
Investors is a self-administered equity real estate investment
trust (REIT) with investments in suburban office buildings and
industrial properties concentrated in the western United States. It
is traded on the New York Stock Exchange and the Pacific Exchange
under the symbol "BED" and its web site is www.bedfordproperty.com.
Please note: This press release contains forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of
1934 that represent the company's current expectations and beliefs,
including, among other things, the company's expectations regarding
the commencement time of the lease. These forward-looking
statements are subject to certain risks and uncertainties that
could cause the actual results, performance or achievements to be
materially different from those expressed, expected or implied by
the forward-looking statements. The risks and uncertainties that
could cause our actual results to differ from management's
estimates and expectations are contained in the company's filings
with the Securities and Exchange Commission, including its 2004
Annual Report on Form 10-K and its most recent Quarterly Report on
Form 10-Q. The company does not undertake to update forward-looking
information contained herein or elsewhere to reflect actual
results, changes in assumptions or changes in other factors
affecting such forward-looking information.
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