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Bedford Property Investors Announces Major Leases.


Business Editors

LAFAYETTE, Calif.--(BUSINESS WIRE)--Feb. 5, 2004

Bedford Property Investors, Inc. (NYSE NYSE

See: New York Stock Exchange
:BED) announced today the recent signing of three significant leases. In our Phoenix, Arizona portfolio, we have signed a seven-year lease renewal with American Express Travel in our suburban office building, Executive Center at Southbank. American Express will continue to occupy 75,000 square feet of the 140,000 square foot facility.

In San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation).
San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951.
, we also executed a new lease with Quantum Design. Quantum will occupy the entire 50,000 square foot R&D facility at 6325 Lusk Boulevard under a lease of six years.

Finally, in a relocation and expansion, Centillium Corporation will wholly occupy 104,400 square feet in our R & D project on Fourier Avenue, in Fremont, California, under a new, seven-year lease.

"Each of these leases is reflective of our strategy to focus on occupancy and tenant retention during the current economic slowdown," indicated Peter B. Bedford, Chairman of the Board and Chief Executive Officer.

Bedford Property Investors is a self-administered equity real estate investment trust (REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
) with investments in suburban office and industrial properties concentrated in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
West

Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century
. It is traded on the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and Pacific Exchanges under the symbol "BED" and its web site is www.bedfordproperty.com.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 5, 2004
Words:213
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