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Liberty Receives Two Awards From Northeast Chapter Of NAIOP
General Inquiries: Mike Heise, Liberty Property Trust, 904/296-1776
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653


Jacksonville Office Receives ‘Developer of the Year’ and ‘Sustainable Project of the Year’ Honors

JACKSONVILLE – April 7, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages nearly 2.5 million square feet of office and industrial properties in Jacksonville, today announced it has received two awards from the Northeast Florida Chapter of National Association of Industrial Office Properties (NAIOP). The awards, presented to Liberty for its Butler Plaza III LEED® registered building, were received for Developer of the Year and Sustainable Project of the Year.

“To receive ‘developer of the year’ and ‘sustainable project of the year’ honors by NAIOP, the leading trade association for developers, owners, investors and other professionals in the commercial real estate arena, is an exceptional honor,” said Mike Heise, vice president and city manager, Liberty Property Trust.

Located at 4875 Belfort Road, Butler Plaza III is an 80,000 square foot building that was designed to receive LEED Silver certification (certification is expected at anytime). The building officially opened last year in July, and in October the company announced that it had leased 98% of the building. Liberty has since moved its Jacksonville headquarters to the brand new state-of-the-art building and the company has built-out its corporate office space to meet the U.S. Green Building Council’s LEED Gold CI (Commercial Interiors) certification.

About Butler Plaza III
Butler Plaza III is constructed of exterior concrete and glass, and features an impressive architectural design of interior granite, limestone and terrazzo. The construction consists of recycled materials which include the concrete, steel, carpet, ceiling tiles and similar materials. In addition, the paint, glues and adhesives are all free of toxic materials.

The building’s numerous environmentally sensitive and high-performance features include enhanced daylight views, use of certified renewable woods, waterless urinals, low-flow shower heads and sensor faucets, high energy-efficient HVAC equipment with special filters and carbon dioxide monitors, and a highly reflective TPO roof membrane.

The building has a designated recycling area, showers, bicycle racks and preferred parking spaces for fuel-efficient vehicles. The maintenance of the building is supported by a green cleaning program that includes environmentally-friendly cleaning agents.

Butler Plaza III marks the company’s second sustainable development project in Jacksonville and the company's sixth sustainable building to open in the state.

Liberty and LEED®/Sustainable Development
Liberty has been recognized for its commitment to sustainable design and its positive impact on its tenants’ employees, the environment and its communities. Most recently, Liberty was named the National Association of Industrial and Office Properties (NAIOP) 2008 Developer of the Year. This award is presented annually to one member-developer company that best exemplifies leadership and innovation in the commercial real estate industry. Liberty is also the proud recipient of the CoreNet Global 2008 Sustainability Leadership Award for Design & Development and the 2007 NAIOP Green Development Award. The company was also honored with the U.S. Green Building Council’s 2006 LEED Corporate Leadership Award, recognizing outstanding leaders in green building that demonstrate exceptional vision, leadership, and commitment to the evolution of green building design and construction. Liberty has invested more than $1 billion in sustainable developments.

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 77 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at approximately 750 office, distribution and light manufacturing facilities. The company has received numerous recognitions for its leadership, customer service and commitment to the development of high performance green buildings and was recently recognized as the 2008 NAIOP (National Association of Industrial and Office Properties) Developer of the Year. For more information visit