FOR IMMEDIATE RELEASE
General Inquiries: Jay Kraft, Liberty Property Trust, 804/934-4300
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
LIBERTY PROPERTY TRUST LEASES 250,000 SQUARE FEET IN RICHMOND
IN THE THIRD QUARTER OF 2009
RICHMOND, VA – October 26, 2009 – Liberty Property Trust (NYSE: LRY), which owns and manages more than five million square feet of office and industrial space in the greater Richmond area, today announced that it has signed more than 190,000 square feet of new leases and nearly 60,000 square feet in lease renewals and expansions for warehouse, flex and office space in Richmond during the past quarter.
Among Liberty’s newest tenants are Hanover Foils, Inc., Document Services, LLC, Robson, PC, Ondal USA, Inc., McDonough Bolyard Peck, Inc., Commonwealth Parenting Center, Pilc and Moseley, LLC, and Halcrow, Inc. In addition, Liberty renewed leases with existing customers including SunTrust Bank, Affinity Group Underwriters, Inc., Artelye Marble & Granite, Transact Capital Partners, LLC, Commercial Receivers, Inc., Comsys Information Technology Services, Inc., Net 100, LTD, Allstate Insurance Company and Brenda Dennis & Associates, LLC. Tenants that expanded their current space include The Main Street Group, LTD and Star International Furniture, Inc.
“Companies continue to seek reliable partners and Liberty’s high-value properties, superior property management, and financial strength provide our tenants with comfort that their businesses will be well supported by their work environments,” said Jay Kraft, vice president and city manager at Liberty.
During the quarter the region also announced it has received LEED Gold CS (Core and Shell) certification for its Westerre IV building, located in Henrico County. The certification recognizes the first privately owned multi-tenant Class A office building to be developed in Richmond, to meet the LEED standards for Gold CS.
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 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.