Liberty's Jacksonville, FL Office Leases More Than 100,000 SF in Third Quarter

JACKSONVILLE, FL – Oct.r 21, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages 2.3 million square feet of office and industrial properties in Jacksonville, today announced that it completed nine lease and renewal agreements totaling more than 100,000 square feet of office, flex and warehouse space during the third quarter of 2009.

During the quarter, Liberty gained four new tenants with leases totaling 18,787 square feet. In addition, approximately 81,213 square feet of space was renewed in the third quarter 2009.

(Nightime Downtown Jacksonville, Independent Life Building, bottom left photo)

Companies continue to seek reliable partners who can solve their real estate problems for them,” said Mike Heise, (top right photo)  vice president and city manager at Liberty.

 “Liberty provides high-value properties and superior property management, backed by the financial strength necessary to assure our tenants that their businesses will be well supported by their work environments.”

Liberty's Jacksonville portfolio is 92% leased. The company owns and manages 37 buildings offering a total of 2,300,000 square feet in the market.

Contact: 
General Inquiries: Mike Heise, Liberty Property Trust, 904/ 281-5454

Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653, margo@asapr.com, http://www.asapr.com/