Great Valley Corporate Center To Expand With 200,000 Square Foot Office
3 Quarry Ridge 100% pre-leased to The Vanguard Group
MALVERN, Pa., Feb. 1, 2013
MALVERN, Pa., Feb. 1, 2013 /PRNewswire/ --Liberty Property Trust today
announced that it will develop a 200,000 square foot, six-story office
building for The Vanguard Group at Great Valley Corporate Center in Malvern,
The total project cost is estimated at $55 million. Construction is expected
to begin in March of this year, with completion in mid-2014. Vanguard has
signed a long-term lease, and was represented by Ron Cariola and Mike Morrone
of Jones Lang LaSalle.
The building was designed by D2CA Architects to achieve LEED certification.
Studio Bryan Hanes is the landscape architect, and Bala Consulting Engineers
is the project engineer.
"Now in its 41^st year, Great Valley Corporate Center is one of nation's
leading business parks and a major employment center for Greater
Philadelphia," said Tom Sklow, vice president and city manager for Liberty.
"The park continues to evolve and grow, and just last month became even more
accessible with new connections to the Pennsylvania Turnpike."
Liberty began development of Great Valley Corporate Center in 1972. Today
companies in the corporate center and surrounding subsequent developments
employ approximately 25,000 people.
About Liberty Property Trust
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 includes 680
properties which provide office, distribution and light manufacturing
facilities to 1,800 tenants. For more information visit
SOURCE Liberty Property Trust
Contact: General Inquiries: Tom Sklow, Liberty Property Trust,
+1-610-722-4160; Media Contact: Robbie Tarpley Raffish, a.s.a.p.r.,
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