Liberty Property Trust Sells Office Facility
MALVERN, Pa., March 20, 2013
MALVERN, Pa., March 20, 2013 /PRNewswire/ -- Liberty Property Trust (NYSE:
LRY)today announced it has sold the property at 8800 Tinicum Boulevard in
Philadelphia to an affiliate of Cole Real Estate Investments, for
approximately $74.7 million. The 441,000 square foot facility is occupied by
PNC Bank, for whom Liberty developed the property in two phases, delivering in
1997 and 2000.
CBRE represented Liberty in the transaction. Cole was represented by Bob
Corry, senior vice president of office and industrial acquisitions.
About the Company
Liberty Property Trust 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 providing office, distribution and light manufacturing facilities
to 1,800 tenants.
SOURCE Liberty Property Trust
Contact: Jeanne A. Leonard, Liberty Property Trust, +1-610-648-1704
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