Bedford Property Investors Announces New Lease Transaction
07 September 2005 - 2:00PM
Business Wire
Bedford Property Investors, Inc. (NYSE:BED) announced today the
signing of a lease for 24,118 square feet in The Vines, a two
building project under development in Napa Valley Corporate Park in
Napa, California. The ten-year lease is with Bergin Glass
Impressions, Inc., a company involved in custom screen printing and
glass etching of wine bottles for the wine industry. The lease is
expected to commence at completion of the construction of the
building in December 2005. "Pre-leasing 27% of this new development
project gets us off to a good start. We have a long history in Napa
and look forward to adding this 88,500 square foot development to
our portfolio of properties in this market," 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.
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