Warehouse Lease Transaction Totals 124,800 Square Feet
CHARLOTTE, NC – June 5, 2012 – Liberty Property Trust today announced that it has renewed a lease totaling 124,800 square feet with Röchling Automotive USA, LLP at Hillside Industrial Park in Duncan, South Carolina. The company has been a long-term Liberty tenant.
“We value our long standing business relationship with Röchling Automotive USA,” said Massie Flippin, vice president and city manager for the Carolinas region. “We are committed to providing outstanding customer service to our tenants and we will continue to work to provide the company and its employees with an extraordinary work environment in Hillside Industrial Park.”
Headquartered in Manheim, Germany, Röchling Automotive USA (a division of the globally-operating Röchling Group) is a leading supplier of plastic applications to automotive manufacturers and system suppliers throughout the world, helping to solve the on-going challenges of the automotive industry by cutting down on costs, weight, consumption and emissions.
“Liberty has been a responsive partner and we are happy to continue our long-standing relationship with Liberty,” said Justin White, Plant Manager - Duncan, Röchling Automotive USA.
Hillside Industrial Park is located just one mile south of I-85 in Hillside Park, a location that has a critical mass of users and activity, mid-way between Greenville and Spartanburg. Liberty owns four building in the park, two single tenant industrial buildings totaling 322,000 square feet and two multi-tenant industrial buildings totaling 188,400 square feet. Other Liberty tenants in the park include United Healthcare Services, Global Automotive Partners, and Jankel.
Across the portfolio, Liberty owns more than 5.2 million square feet of multi-tenant industrial space in the Carolinas. In North Carolina, the company owns 2 million square feet in the Piedmont Triad, 664,000 square feet in Raleigh and 1.8 million square feet in Charlotte. In addition, it owns 836,000 square feet of space in the Greenville, South Carolina area.
About Liberty Property Trust
Headquartered in Malvern, PA, Liberty Property Trust 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 77 million square foot portfolio offers exceptional locations and flexible design to more than 1,700 tenants at 650 properties. 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