Latest deals bring Liberty Houston leasing to more than a million square feet in 2008.
HOUSTON - October 7, 2008 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages approximately 3.8 million square feet of warehouse and distribution space in Houston, today announced that it has signed new leases totaling 237,411 square feet in Northwest Houston.
"Our Northwest Houston Beltway industrial properties continue to attract excellent tenants, which have brought us to a 95.5% occupancy rate in our 25-building Houston portfolio," said Joe Trinkle, vice president and city manager, Liberty Property Trust. "Tenants tell us they are attracted by a combination of location and transportation logistics, parking and attractive landscaping. This leasing success gives us confidence that there is tremendous opportunity for the development of our more than 100 acres of available land in the area."
At Liberty's Greens Crossing Distribution Center, Honeywell leased the remaining 81,215 square feet of Building 1. The building features 20' minimum clear height ceilings, rear loading, a 205' shared truck court and 243 parking spaces. Southern Worldwide Logistics leased 50,666 square feet in Building 2. The building features 32' minimum clear height and is front loading. Greens Crossing is a three building, 575,165 square foot distribution center offering easy access to Beltway 8 and I-45.
Omni Laboratories leased 40,000 square feet at Beltway at Bammel Business Park, Building 2. Also in the 192,000 square foot Bammel Building 2, National Oilwell Varco leased 16,000 square feet. Located at the northeast corner of the intersection of Sam Houston Tollway and Route 249, Beltway at Bammel Business Park consists of two buildings providing 326,400 square feet of Class "A" industrial and distribution space.
KC Salley leased 49,530 square feet at West Little York Distribution Center, Building 2. The center features two buildings and 391,872 square feet located at West Little York Road and Beltway 8.
With the signing of these tenants, Liberty's year-to-date Houston leasing has surpassed one million square feet.
About Liberty Property Trust
Liberty Property Trust (NYSE:LRY), headquartered in Malvern, PA, 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 75 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 national leader in the development of high performance green buildings with more than seven million square feet of new sustainable development either completed or under construction worldwide. For more information visit www.libertyproperty.com.
Liberty Property Trust