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|05/08/18||Liberty Property Trust Announces Sale of Five Crescent Drive at the Philadelphia Navy Yard|
|MALVERN, Pa., May 08, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT), today announced that it has sold Five Crescent Drive, a 207,779 square foot office building at the Philadelphia Navy Yard for $130.5 million. The LEED® Platinum property is currently leased to GSK. The property was purchased by an affiliate of Korea Investment Management Co., Ltd (KIM) as advised by Coretrust Capital Partners, LLC.
“Five Crescent Drive is representative of the forward-looking work environment ... |
|04/05/18||Liberty Property Trust Hosts First Quarter 2018 Results Conference Call|
|MALVERN, Pa., April 05, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust will host its first quarter results conference call on Tuesday, April 24, 2018, at 1:00 P.M., ET. The call can be accessed by dialing (855) 277-7530 and entering the passcode 4092806. The conference call will also be available live at www.libertyproperty.com in the “Investor Relations” section of the site. Liberty will issue a press release detailing results the same day before the market opens.
If you are unable to joi... |
|03/22/18||SearchFlow renews ten-year lease at Kings Hill|
|Market-leading provider of conveyancing search services for the legal profession, SearchFlow, has renewed its lease at Kings Hill, Kent, for a further ten years.
The company, which has been based at Kings Hill since 2007 and is part of Daily Mail and General Trust plc, conducts searches, surveys, identity checks and provides title insurance solutions to help legal clients streamline the conveyancing process. It runs more than one million conveyancing searches every year for more than 2,500 clie... |
|03/21/18||Liberty Property Trust Promotes Megan Creecy-Herman to Vice President, Market Leader in Arizona|
|Focus Shifts to the Expansion of an All-Industrial Portfolio with the Upcoming Sale of Office Properties
Phoenix, AZ – March 21, 2018 – Liberty Property Trust today announced that it has promoted Megan Creecy-Herman to the position of vice president, market leader. She will run the company's industrial portfolio in Arizona. Liberty Property Trust's current portfolio in the state consists of approximately 2.5 million square feet of industrial properties, with another 280... |
|03/16/18||Liberty Property Trust Sells Suburban Philadelphia Office Properties for $106.9 Million|
|MALVERN, Pa., March 16, 2018 (GLOBE NEWSWIRE) -- Liberty Property has sold 779,190 square feet of suburban office properties in two transactions for $106.9 million. Both transactions closed this week.
In the first transaction, Liberty sold 9, 15-25 and 11 Great Valley Parkway in Malvern, PA. The properties totaled 186,248 square feet, and were sold for $14.9 million.
The properties in the second transaction are 440 and 460 E. Swedesford Road in Wayne, PA; 2100 and 2201 Renaissance Bouleva... |
|03/08/18||Liberty Property Trust Breaks Ground at Liberty Commerce Center in Butts County, Georgia|
|Developer to Deliver First of Two Planned Buildings in Q4 of 2018
Atlanta, GA – March 8, 2018 – Liberty Property Trust today announced it has broken ground on the 840,000 square foot Building 1 (120 Midway Road) at Liberty Commerce Center in Butts County, Georgia.
"Liberty Commerce Center will provide large, state-of-the-art and energy efficient industrial space in the currently underserved Atlanta-Savannah Corridor," said Steve Rowley, vice president and market leader, Liberty Property ... |
|03/08/18||Osprey at Kings Hill|
|An osprey and a stag's head made from cutlery, motor parts and forged steel are among the eye-catching works on show at Kings Hill in the iconic Control Tower.
Part of the new art exhibition, they were created by metal artist Alan Williams, whose work has been shown at Kew Gardens and the Sculpture Park in Surrey.
Also on show is a series of paintings and photomontages by a group of well-known artists.
This includes a photomontage by Andy Dickerson representing Gutenberg's p... |
|02/26/18||Liberty Property Trust Announces Changes to Board of Trustees|
|MALVERN, Pa., Feb. 26, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT) today announced that the company will be welcoming a new trustee and that two long-standing trustees have elected to retire from the board after the May 17 annual meeting.
Robert G. Gifford will join the company’s board of trustees, effective immediately. Mr. Gifford brings over 30 years of leadership experience in real estate investment, development and asset management to the board. He joined AIG Global Real... |
|02/21/18||Liberty Property Trust Begins 2018 with Momentum in Charlotte|
|New Development and Leasing Build on 2017 Successes
Charlotte, NC – February 21, 2018 – Liberty Property Trust today announced that it has broken ground on another Class A, industrial building at Shopton Ridge Business Park. The company plans to deliver the 158,760 square foot building at 3923 Shutterfly Road, for which it is pursuing LEED® certification, in June.
The company also announced it completed four new leases in the Charlotte market during the last two months, absorbing a total ... |
|02/08/18||Hot Spot for Property Company|
|Leading insurance and data company, CLS Group, has moved into larger offices in Kings Hill in order to work more efficiently and allow room for further growth.
The company, which advises on UK and European commercial and residential property markets, has operated on the business park for ten years but had outgrown its previous space and needed a new modern office where all the staff could be under one roof.
"We're really pleased with our new office as it means we can work together more e... |
|02/07/18||Liberty Property Trust Begins with Momentum in the Triangle|
|Two New Leases Build Upon 2017 Successes
Charlotte, NC – February 7, 2018 – Liberty Property Trust today announced it has completed two new leases at Keystone Park in Durham.
FIDELITONE has signed a long-term lease of 40,000 square feet of space at 324 Park Knoll Drive for their last mile delivery business. The building remains 100% occupied. Doug Brock of Newmark Grubb Knight Frank represented the tenant, and Ed Brown of NAI Carolantic represented Liberty.
Associated Materials, L... |
|02/05/18||Liberty Property Trust Completes 876,984 Square Feet of Transactions in Georgia During 2017|
|Developer's new Liberty Commerce Center in Butts County will add capacity in 2018
Atlanta, GA – February 5, 2018 – Liberty Property Trust completed 876,984 square feet of leasing in 2017, ending the year with 2.7 million square feet of space across 19 buildings and a 93.3 percent occupancy rate in its Georgia portfolio.
"In executing more than 20 new leases, renewals and expansions in 2017, we laid the groundwork for strategic core growth in 2018," said Steve Rowley, vice president and m... |
|02/05/18||Liberty Property Trust Starts 2018 with an Acquisition in City of Commerce|
|Southern California Portfolio Nearly Doubles Through Purchases and Development
Malvern, PA – February 5, 2018 – Liberty Property Trust today announced that it has purchased an industrial building at 5959 Randolph Street in the City of Commerce. Liberty bought the 400,169 square foot Class A property for $92.7 million. The property is fully leased. Liberty was represented on the transaction by Mike Condon, Jr. of Cushman & Wakefield and Zac Sakowski of JLL.
"It's been a ... |
|02/05/18||Liberty Property Trust Begins 2018 with Momentum in the Triad|
|New leases and renewals keep occupancy high in High Point and Greensboro
Charlotte, NC – February 5, 2018 – Liberty Property Trust today announced that it has completed a new lease and two renewals – one with a significant expansion – in early January, on the heels of a new lease at the close of 2017.
"Interest remains high in the Triad as companies seek easy interstate access, a solid labor pool and modern industrial facilities," said Bryan Blythe, vice president of leasing and developm... |
|01/17/18||Liberty Property Trust Joins Other Leading Industrial REITs in Conforming Certain Non-GAAP Operating Metrics|
|MALVERN, Pa., Jan. 17, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust today announced that a group of leading industrial real estate investment trusts, including, along with the Company, DCT Industrial Trust Inc. (DCT), Duke Realty Corporation (DRE), EastGroup Properties Inc. (EGP), First Industrial Realty Trust, Inc. (FR), Prologis Inc. (PLD), and STAG Industrial Inc. (STAG) (the “Industrial REIT Group”), has agreed on a consistent methodology to calculate various non-GAAP property operating... |
|01/16/18||Liberty Property Trust to Discuss 2017 Fourth Quarter and Full Year Results|
|MALVERN, Pa., Jan. 16, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust will hold its fourth quarter and full year results conference call on Tuesday, February 6, 2018, at 1:00 P.M., ET. The call can be accessed by dialing (855) 277-7530 and entering the passcode 7393199. The conference call will also be available live at www.libertyproperty.com in the “Investor Relations” section of the site. Liberty will issue a press release detailing results the same day before the market opens.
If you a... |
|01/16/18||Liberty Property Trust Updates Capital Recycling Activity|
|MALVERN, Pa., Jan. 16, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT), today announced sales and acquisitions completed during the fourth quarter of 2017 and thus far in 2018.
Fourth quarter 2017: During the fourth quarter, Liberty sold four properties for $326.6 million. The properties include:
700 Uline Way and 800 Uline Way, two industrial properties totaling 1,683,876 square feet and 44 acres of land in Allentown, Pennsylvania, for $249.1 million.
|01/15/18||Liberty Property Trust Announces Tax Treatment of 2017 Distributions|
|MALVERN, Pa., Jan. 15, 2018 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT) announced today the final tax treatment for the 2017 distributions on its common shares. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Liberty Property Trust distributions. The table below summarizes the income tax treatment of the company’s 2017 distribution of $1.675 per common share (CUSIP No. 531172104):
Common share distributions: