Behringer Harvard Funds Adds Leased Denver Property to Mid-Term Fund Portfolio.DALLAS -- Single Tenant Property Gives Behringer Harvard Funds Additional Opportunities in Upwardly Mobile Market Behringer Harvard Funds announces the acquisition of 7400 South Tucson Way, a 70,660 square foot single-tenant building located in southeast Denver suburb, Centennial, Colorado
The City of Centennial is a statutory city located in Arapahoe County, Colorado, United States. , solely occupied by Raytheon Company (NYSE NYSE See: New York Stock Exchange :RTN RTN Return RTN Raytheon Company (stock symbol) RTN Research Training Network RTN Rotarian RTN Routing Transit Number RTN Recursive Transition Network RTN Register Transfer Notation RTN Radial Tangential Normal ) and currently used by its Raytheon Polar Services Raytheon Polar Services is a division of Raytheon which exists to facilitate the Polar research vessels used by the National Science Foundation.[1] Raytheon builds the vessels, to the NSF's specifications, and owns them and runs them, once they are complete. division, under a long-term lease. Conveniently situated near the Denver Technological Center The Denver Technological Center better known as "The Denver Tech Center" is a business and economic trading center located in Denver and Greenwood Village, Colorado. It is home to several major businesses and corporations. and the Centennial Airport, the second busiest general aviation airport in the United States, 7400 South Tucson Way is in desirable proximity to an upward-growth forecasted residential neighborhood in Centennial. Built in 1985 on six acres with 70,660 usable square feet, this property is ideally suited to Raytheon's needs as an industry leader in defense and government electronics, business aviation and special mission aircraft. Well-maintained and boasting recent renovations to the common area, the property is completely ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. compliant and features ample parking spaces with a ratio of 4.4 spaces per 1,000 square feet. "The Tucson Way property is an excellent opportunity for Behringer Harvard Mid Term Fund to further expand the portfolio with the stability of a long-term lease commitment by a highly respected industry giant such as Raytheon," said Robert Behringer, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Behringer Harvard Funds. "We like what we see on the horizon for Denver and this property fits nicely into the fund's overall strategy and growth potential." About Behringer Harvard Funds: Behringer Harvard Funds is a national real estate investment fund sponsor offering a family of real estate funds to the public through the independent broker dealer community. Its three finite-life, non-listed, public funds offer their securities in best efforts public offerings and seek to produce attractive returns to their investors through a balance of current yield and capital appreciation. Behringer Harvard Funds also sponsors 1031 tenant in common securities offerings that invest in institutional quality commercial real estate. This release contains forward-looking statements relating to the business and financial outlook of Behringer Harvard Mid-Term Value Enhancement Fund I LP, which are based on our current expectations, estimates, forecasts and projections and are not guarantees of future performance. Actual results may differ materially from those expressed in these forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of the prospectuses for the public offerings of equity of Behringer Harvard Mid-Term Value Enhancement Fund I LP. Forward-looking statements in this document speak only as of the date on which such statements were made and we undertake no obligation to update any such statements that become untrue because of subsequent events. We claim the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. protection for forward-looking statements contained in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. |
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