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

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

PR Newswire

MALVERN, Pa., Dec. 19, 2012

MALVERN, Pa., Dec. 19, 2012 /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."

About the Company

Liberty Property Trust (NYSE:LRY) is a leader in commercial real estate,
serving customers in the United States and United Kingdom, through the
development, acquisition, ownership and management of superior office and
industrial properties. Liberty's 81 million square foot portfolio consists of
more than 650 properties providing office, distribution and light
manufacturing facilities to 1,800 tenants.

The statements contained in this press release may include forward-looking
statements within the meaning of the federal securities law. Although Liberty
believes that the expectations reflected in such forward-looking statements
are based on reasonable assumptions, it can give no assurance that its
expectations will be achieved. As forward-looking statements, these
statements involve risks, uncertainties and other factors that could cause
actual results to differ materially from the expected results. These factors
include, without limitation, the uncertainties affecting real estate
businesses generally (such as entry into new leases, renewals of leases and
dependence on tenants' business operations), risks relating to our ability to
maintain and increase property occupancy and rental rates, the financial
condition of tenants, the uncertainties of real estate development and
construction activity, the costs and availability of financing, the effects of
local economic and market conditions, regulatory changes, potential liability
relative to environmental matters and other risks and uncertainties detailed
in the company's filings with the Securities and Exchange Commission. The
company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.

SOURCE Liberty Property Trust

Website: http://www.libertyproperty.com
Contact: Jeanne A. Leonard, Liberty Property Trust, +1-610/648-1704
 
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