Bedford Lease Calif. Property

A WiMax outfit takes a four-year lease.
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Bedford Property Investors

(BED)

leased 45,090 square feet at 598 Gibraltar Drive in Milpitas, Calif., to Aperto Networks.

The Lafayette, Calif., real estate investment trust said the four-year lease is expected to start in the second quarter. Bedford said Aperto is a provider of WiMax broadband wireless access systems and solutions.

"We are excited to complete this lease transaction," said CEO Peter B. Bedford. "We see this as further indication of the recovery occurring in the Silicon Valley market."

On Monday, Bedford shares rose 7 cents to $23.18.