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Liberty Property Trust Breaks Ground on Its New Industrial Development - Miami International Tradeport

SOUTH FLORIDA – February 8, 2013 - Liberty Property Trust hosted local dignitaries, media and professionals from the brokerage community at a ground breaking ceremony held yesterday, at Miami International Tradeport. The company celebrated the official kick-off of its $135 million industrial park, starting with the first phase of development, a 147,840 square foot warehouse facility.

Andy Petry, vice president and city manager for Liberty’s South Florida region and Bill Hankowsky, Chairman and CEO of Liberty Property Trust, hosted the event. Petry welcomed guests, saying, “We are very excited to set in motion the long-awaited development of Miami International Tradeport. There is tremendous demand for quality industrial-grade warehouse and distribution product in Miami-Dade County.”

Liberty’s new facility will feature impact glass (offering natural lighting); a 30-foot minimum clear height; T-5 lighting throughout the facility; 1/1000 parking ratio; prominent signage that will be visible from the Turnpike; 130-foot to 200-foot truck court with trailer storage available; and 2000 amps with upgraded power available.

The company anticipates the building’s completion in the third quarter of 2013. The architect for the new warehouse facility is RLC Architects, the engineer is Ludovici and Orange, and the general contractor is Butters Construction & Development. Jay Ohanesian is Liberty’s senior project manager in charge.

Located on the southeast corner of Northwest 115th Avenue and 122nd Street, Miami International Trade port is convenient to Miami International Airport, Port Miami, Fort Lauderdale International Airport and Port Everglades.

Upon completion, the park will be comprised of nine speculative, multi-tenant distribution facilities, offering approximately 1.6 million square feet of space.

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 81 million square foot portfolio consists of 680 properties providing office, distribution and light manufacturing facilities to 1,800 tenants.

General Inquiries: Andy Petry, Liberty Property Trust, 561/999-0310
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653