FOR IMMEDIATE RELEASE
General Inquiries: Neal Driscoll, Liberty Property Trust, 414/979-2010
Media Contact: Robbie Tarpley Raffish, a.s.a.p.r., 410/883-2000
lIBERTY PROPERTY TRUST RENEWS WITH A.O. SMITH AND OTTAWA UNIVERSITY
MILWAUKEE – April 12, 2010 - Liberty Property Trust (NYSE:LRY) has renewed leases with two tenants in its Wisconsin portfolio.
A.O. Smith Corporation has renewed its lease of 49,870 square feet of research and development space at Park Place II (12100 W. Park Place) in Milwaukee. The company has been a tenant for more than 10 years.
Ottawa University has renewed its lease of 14,515 square feet of Class A office space at the LEED Silver certified 245 S. Executive Drive Building (Brookfield) and expanded the agreement to include an additional 3,500 square feet. The university has leased space in the building for several years.
Liberty Property Trust owns and manages more than 2.2 million square feet of office and industrial space in Wisconsin, including Liberty Park and Park Place, both in Milwaukee, Crossroads Corporate Center in Waukesha and Liberty Pointe Park in West Allis. In addition to the LEED certified renovation at 245 S. Executive Drive, the company has developed several sustainable buildings in the market including the new LEED certified Liberty Corporate Preserve (Buildings I and II) in Oak Creek and the award-winning JohnsonDiversey Distribution Center in Sturtevant.
About Liberty Property Trust
Headquartered in Malvern, PA, Liberty 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, visit www.libertyproperty.com.