Wednesday, October 29, 2008

Liberty Property Trust Leases Its Newly-Constructed Butler Plaza III Building in Jacksonville, FL


American Home Mortgage Servicing Inc. to Occupy 98% of the LEED-Registered Building

JACKSONVILLE, FL, Oct. 29, 2008 -- Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages nearly 2.5 million square feet of office and industrial properties in Jacksonville, today announced that it has fully leased its Butler Plaza III building located at 4875 Belfort Road in Jacksonville. (top right photo)

“We are very pleased to have American Home Mortgage Serving Inc. (AHMSI) as the anchor tenant in our newly completed LEED® registered building,” said Mike Heise, (middle left photo) vice president and city manager, Liberty Property Trust.


“Liberty is committed to the fundamental principles of high performance development and to lease more than 98% of our building to a similarly like-minded company that values the importance of environmentally-friendly design and build is very satisfying.”

AHMSI has signed a lease for 76,075 square feet and will move into its new premises in prior to January 2009. AHMSI is a well capitalized company with a multi-billion dollar portfolio, making it one of the largest independently owned and operated mortgage servicing companies in the United States.

”Our 250 Jacksonville associates are looking forward to serving our borrowers from our new, environmentally friendly location,” said Jim Davis, executive vice president and AHMSI’s leader of the Jacksonville site. “The site gives us flexibility to grow and the design is particularly appealing, not only from a comfort level but from a sustainability perspective, as well.”

Liberty officially opened the 80,000 square foot building in July and the company has recently moved its Jacksonville headquarters to the brand new state-of-the-art building. Liberty built-out its corporate office space to meet the U.S. Green Building Council’s LEED Gold CI (Commercial Interiors) certification.

CONTACTS:
Mike Heise, Liberty Property Trust, , 904 296 1776
Margo Hunt Winans, a.s.a.p.r., 757 404 8653

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