Liberty Property Trust Announces $155 Million Investment In Industrial Acquisitions In Fourth Quarter

  

Michael Hagan

 MALVERN, PA /PRNewswire/ -- Liberty Property Trust has announced that it has closed on the acquisition of 19 industrial buildings totaling three million square feet for $155 million thus far during the fourth quarter.

The properties consist of 12 properties in Tampa, FL, totaling 1.2 million square feet; two buildings in suburban Chicago, IL totaling 1.2 million square feet; three properties in Charlotte, NC totaling 376,000 square feet; and two buildings in Shakopee, MN totaling 282,000 square feet. The properties are 96% leased.

Liberty's chief investment officer, Mike Hagan, commented, "Liberty continues to increase our industrial footprint with selective acquisitions in our targeted industrial markets. We anticipate an additional $18 million investment in industrial acquisitions by year-end, increasing Liberty's industrial holdings to 48 million square feet."

For a complete copy of the company’s news release, please contact:

Jeanne A. Leonard,

Liberty Property Trust,

+1-610/648-1704

Web Site: http://www.libertyproperty.com