Bedford Property Investors Announces New Lease Transaction
August 31 2005 - 8:00AM
Business Wire
Bedford Property Investors, Inc. (NYSE:BED) announced today the
signing of a lease for 23,108 square feet in its 4601 DTC Blvd.,
Denver, Colorado building. The seven-year lease is with
Mid-continent Research for Education and Learning (McREL), a
company involved in educational research, curriculum development
and training. The lease is anticipated to commence in the first
quarter 2006. "Our continued success in securing tenants for our
4601 DTC building in Denver is encouraging in light of the
challenging Denver office market environment. McREL is a welcome
addition to our tenant roster and with their tenancy the property
will be 55% leased," said Peter B. Bedford, Chairman of the Board
and Chief Executive Officer. 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.
Bedford erty (NYSE:BED)
Historical Stock Chart
From May 2024 to Jun 2024
Bedford erty (NYSE:BED)
Historical Stock Chart
From Jun 2023 to Jun 2024