Bedford Property Investors Inc. completes acquisitions and sale.LAFAYETTE, Calif.--(BUSINESS WIRE)--Sept. 25, 1995--Bedford Property Investors Inc. (NYSE NYSE See: New York Stock Exchange : BED) announced that it has completed the acquisition of two service industrial buildings in Lenexa, Kan. for $2.65 million, or $55 per square foot. The two buildings total 48,490 square feet and are fully occupied by four tenants. The buildings were acquired from TA Realty Advisors. Additionally, the company sold its Cody Street Park, Bldg. 6, also located in Lenexa to TA Realty Advisors for $1.5 million. The net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight price was approximately equal to the book value of the property. 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 buildings 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 Stock Exchanges under the symbol "BED." CONTACT: Bedford Property Investors Inc. Peter B. Bedford or Donald A. Lorenz, 510/283-8910 |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion