Liberty Property Trust Leased More Than 435,000 SF in 2008

JACKSONVILLE, FL--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, completed more than 44 leases and renewal transactions in Jacksonville in 2008. The agreements total more than 435,000 square feet of office, flex and warehouse space.

“Liberty has been able to attract new tenants to our buildings due in part to our great customer service and the excellent condition of our properties,” said Mike Heise, vice president and city manager, Liberty Property Trust. “Our customers depend on our property management staff and technicians, who are available 24-hours a day/7-days a week/365-days a year.”

Liberty gained 27 new tenants in 2008, with leases totaling nearly 267,000 square feet. In addition, more than 168,000 square feet of office, flex and warehouse space was renewed this year.

Contact: Mike Heise, Liberty Property Trust, 904/296-1776

Media: Margo Hunt Winans, a.s.a.p.r., 757/404-8653