Bedford erty (NYSE:BED)
Historical Stock Chart
From Sep 2019 to Sep 2024
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.