Warehouse Lease Transactions Total 118,400 Square Feet
CHARLOTTE, NC – July 22, 2010 – Liberty Property Trust (NYSE:LRY) today announced that it has renewed leases with Atlas Box and Crating Company and Raleigh Offset at Keystone Business in Morrisville, NC.
“We are committed to providing outstanding customer service to each of our tenants and we are pleased to continue our relationship with Atlas Box & Crating Company and Raleigh Offset,” said Massie Flippin, vice president and city manager for the Carolinas region.
Atlas Box and Crating Company has renewed its lease for 62,400 square feet at 619 Distribution Drive.
Ed Brown of NAI Carolantic represented Liberty in the transaction.
Raleigh Offset has renewed its lease at 627 Distribution Drive. The company leases 56,000 square feet and has been a Liberty tenant for ten years.
Bryan Everett of Grubb & Ellis Thomas Linderman Graham represented Raleigh Offset and Ed Brown of NAI Carolantic represented Liberty in the transaction.
Liberty is a leading provider of quality multi-tenant warehouse, flex and office space along the I-85 corridor between Raleigh, NC and Greenville, SC. Currently Liberty owns more than 4.8 million square feet of office, flex and industrial space throughout the Carolinas, serving more than 115 tenants. The company owns more than 500,000 square feet of distribution space in the Raleigh-Durham area, approximately three million square feet of office, flex and industrial space in the Piedmont Triad area and approximately 1.3 million square feet of office and industrial space in Greenville, SC.
About Liberty Property Trust
Liberty Property Trust owns and manages nearly 4.8 million square feet of office and industrial space in the Carolinas. The company is headquartered in Malvern, PA and is dedicated to enhancing people’s lives through extraordinary work environments. The real estate investment trust (REIT) serves customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 78 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at 700 office, distribution and light manufacturing facilities. The company is a leader in the development of high performance green buildings. For more information please visit www.libertyproperty.com.
General Inquiries: Massie Flippin, Liberty Property Trust, 704/426-8000
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653