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Liberty Property Trust Leases 314,155 Square Feet Of Warehouse Space In Orlando In The Third Quarter

HAMPTON ROADS, VA – October 6, 2011 - Liberty Property Trust today announced that it has executed leases totaling 145,527 square feet of space during the third quarter of 2011.

“It’s been a very active summer in the Hampton Roads region,” said Craig Cope, vice president and city manager for Liberty in Virginia. “We are encouraged by nearly a dozen new, expanded and renewed leases and look forward to the momentum continuing in the fourth quarter.”

New & Extended Leases

Some of the new leases executed in the third quarter include an agreement with Science & Technology Corporation for 6,577 square feet of office space at Lakefront Plaza in Hampton, and an agreement with Aerotek, Inc. for 6,575 square feet of office space at Lake Center I in Chesapeake.

At Reflections I in Virginia Beach, Monarch Bank extended its lease of 13,761 square feet of office space.

Renewals Across the Portfolio

Some of the renewals in the quarter include:

  • General Dynamics Information Technology, Inc., for 59,509 square feet of office space at Independence Technology Center I in Chesapeake
  • Truestone, LLC, for 30,000 square feet of space at Bridgeway Commerce Center I in Suffolk
  • Morton G. Thalhimer, Inc. for 10,644 square feet of space at Westmoreland Building in Virginia Beach
  • Sentara Healthcare, for 7,942 square feet of office space at Reflections III in Virginia Beach

Liberty Property Trust owns and manages approximately 1.8 million square feet of industrial and office space in the Hampton Roads region. Some of its largest holdings include buildings in Reflections Office Park, Liberty Executive Park, Battlefield Corporate Center and Bridgeway Commerce Park.

About Liberty Property Trust

Liberty Property Trust (NYSE:LRY) is a leader in commercial real estate, serving 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 includes nearly 700 properties which provide office, distribution and light manufacturing facilities to 1,900 tenants. For more information visit www.libertyproperty.com.

General Inquiries: Craig Cope, Liberty Property Trust, 757/498-4800
Media Contact: Robbie Tarpley Raffish, a.s.a.p.r., 443/944-9301