Bedford Property Investors Inc. completes sale.LAFAYETTE, Calif.--(BUSINESS WIRE)--Oct. 4, 1995--Bedford Property Investors Inc. (NYSE NYSE See: New York Stock Exchange :BED) announced that it has completed the sale of its 88,000 square foot office building located in Jackson, Miss., to Parkway Ridgeway Inc. for $6.5 million. The sale produced a net loss of approximately $600,000. The sale of the building is the company's final step in repositioning its asset base to 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 . The company will use the sales proceeds to acquire additional 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. 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 |
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