Bedford Property Investors, Inc. makes announcement.

LAFAYETTE, Calif.--(BUSINESS WIRE)--March 7, 1996--Bedford Property Investors, Inc. (NYSE:BED) announces the execution of a lease of 45,090 square feet to Fujitsu PC Corporation at the REIT's 598 Gibraltar Drive R&D building in Milpitas, Calif.

The building will serve as the U.S. headquarters for Fujitsu's newly formed laptop computer company.

598 Gibraltar Drive is a single-story, 45,090 square foot R&D facility built as a speculative development. Located on a vacant parcel purchased from Prudential at the same time as the adjacent Milpitas Town Center project, shell construction began in September, 1995 and was completed March 1, 1996. Fujitsu plans to occupy the premises on April 5, 1996.

"We are excited to be a part of Fujitsu's entry into the U.S. personal computer market," stated Peter Bedford, Chairman and Chief Executive Officer. "They are a well respected company that truly appreciates our facility. We look forward to following their future successes in the marketplace."

Bedford Property Investors is a self-administrated 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 and Pacific Stock Exchanges under the symbol "BED."

CONTACT: Bedford Property Investors, Inc.

Peter B. Bedford or Donald A. Lorenz, 510/283-8910