Metavante Corporation signs lease to take half of the buildingORLANDO, FL – September 8, 2008 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages more than seven million square feet of office and industrial space in Florida, today announced that it is breaking ground on a new office building in Maitland Summit Park.
The stimulus for the new construction is a freshly inked lease with Metavante Corporation, a leading provider of banking and payments technology and the principal subsidiary of Metavante Technologies, Inc. (NYSE:MV).
“When we learned that Metavante was looking to relocate its Orlando Banking Solutions office, we were very pleased to be in a position to help them relocate and to accommodat
e their needs,” said Stephen Whitley, (top right photo) senior vice president and city manager for Liberty Property Trust.
“When we learned that Metavante was looking to relocate its Orlando Banking Solutions office, we were very pleased to be in a position to help them relocate and to accommodat
e their needs,” said Stephen Whitley, (top right photo) senior vice president and city manager for Liberty Property Trust. “Our existing properties in Maitland Summit Park have proven very successful and we have been eager to build-out the remainder of the park with a partner such as Metavante.”
Liberty will develop the Maitland Summit Park III building, a 220,000 square foot building which is designed to achi
eve LEED® Gold certification. Metavante will occupy 107,000 square feet for use by its banking solutions division.
Liberty will develop the Maitland Summit Park III building, a 220,000 square foot building which is designed to achi
eve LEED® Gold certification. Metavante will occupy 107,000 square feet for use by its banking solutions division. Metavante is relocating its Orlando-area operations from Semoran Boulevard where it started as Kirchman Corporation.
Maitland Summit Park currently contains two buildings that are occupied by a blue chip list of tenants including EA Sports, Charles Schwab and ZOM. It is located directly across from the RDV Sportsplex and it boasts walking trails around lakes with fountain displays.
“We are very excited to occupy a brand new, first-class facility that can accommodate all our Orlando employees in one location with room to expand,” said Rachel Landrum, (top left photo) president
Metavante Banking Solutions − Bankway.
“We are very excited to occupy a brand new, first-class facility that can accommodate all our Orlando employees in one location with room to expand,” said Rachel Landrum, (top left photo) president
Metavante Banking Solutions − Bankway. “Metavante is committed to the care and preservation of our environment and this new facility is being constructed under the highest standards of the U.S. Green Building Council’s LEED (Leadership in Energy and Environmental Design) guidelines for developing high performance, green buildings which benefit not only the environment but our employees as well.”
Liberty is scheduled to officially break ground on the project later this month and completion is planned for November 2009. The seven story building is designed to meet LEED Gold standards that will provide several cutting edge benefits, including high performance glass, increased daylight through larger vision glass and taller floors and a heat wheel, all of which will reduce energy usage.
CONTACTS:
Stephen Whitley, Liberty Property Trust, 407/447-1776
Media: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
Liberty is scheduled to officially break ground on the project later this month and completion is planned for November 2009. The seven story building is designed to meet LEED Gold standards that will provide several cutting edge benefits, including high performance glass, increased daylight through larger vision glass and taller floors and a heat wheel, all of which will reduce energy usage.
CONTACTS:Stephen Whitley, Liberty Property Trust, 407/447-1776
Media: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
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