Metavante Corporation signs lease to take half of the building
ORLANDO, 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.
“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 accommodate their needs,” said Stephen Whitley, (top right photo) senior vice president and city manager for Liberty Property Trust.
Liberty will develop the Maitland Summit Park III building, a 220,000 square foot building which is designed to achieve LEED® Gold certification. Metavante will occupy 107,000 square feet for use by its banking solutions division.
“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.
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.
Stephen Whitley, Liberty Property Trust, 407/447-1776
Media: Margo Hunt Winans, a.s.a.p.r., 757/404-8653