Bedford Property Investors Signs a Definitive Agreement to Purchase Properties From Mission West Properties.LAFAYETTE, Calif.--(BUSINESS WIRE)--January 9, 1995--Bedford Property Investors Incorporated (NYSE NYSE See: New York Stock Exchange :BED) announced that it has signed a definitive agreement to acquire substantially all of the real estate assets of Mission West Properties (ASE/PSE:MSW (MicroSoft Word) See Microsoft Word. ), a San Diego based owner of industrial and office properties. The Company will complete its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. procedures prior to closing, which is anticipated to occur during the first quarter of 1995. The definitive agreement is subject to approval of the shareholders of Mission West Properties. The transaction is valued at approximately $45 million. The Mission West portfolio consists of commercial office and industrial buildings in Southern California and Arizona, as well as an airport facility in San Diego. 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 and Pacific Stock Exchanges under the symbol "BED". CONTACT: Peter B. Bedford
Jay Spangenberg
510/283-8910
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