Company Also Welcomes Two Additional Tenants to its Richmond Portfolio
RICHMOND, VA –June 7, 2010– Liberty Property Trust (NYSE: LRY) today announced that it has recently signed three new lease agreements within its Richmond portfolio totaling 38,933 square feet.
Dominion Due Diligence Group (parent company Dominion Environmental Group) has signed a new lease for 29,314 square feet at 4121 Cox Road in Glen Allen. The company is scheduled to move into its new premises in October. Jason Hetherington of Grubb & Ellis | Harrison & Bates represented Dominion Due Diligence Group and Brian Witthoefft represented Liberty in the transaction.
WellAWARE Systems, Inc. signed a new lease at Technology Pointe II, located at 5500 Cox Road in Glen Allen. The company leases 5,814 square feet of flex space and moved into its new location last month. Charlie Polk of Jones Lang LaSalle represented WellAWARE Systems and Brian Witthoefft represented Liberty in the transaction.
TENG & Associates, Inc. has signed a new lease for 3,805 square feet of space at Westerre IV, located at 3901Westerre Parkway. The company will move into its new premises this month. Sean McMahon of TENG Real Estate Services, LLC represented TENG & Associates and Brian Witthoefft represented Liberty in the transaction.
About Liberty Property Trust
Liberty Property Trust owns and manages more than five million square feet of office and industrial space in the greater Richmond area. The company is headquartered in Malvern, PA and 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 2,000 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.
General Inquiries: Jay Kraft, Liberty Property Trust, 804/934-4300
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653