TAMPA – February 6, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages nearly 2.8 million square feet of office and industrial properties in Tampa, announced that it has received the “Office Building of the Year” Award from the Tampa Bay Chapter of the National Association of Industrial and Office Properties (NAIOP) for its 4631 Woodland Corporate Boulevard building.
The award, presented to Liberty for its 4631 Woodland Corporate Boulevard building, recognizes Liberty’s overall excellence in development and leasing. This category is open to all office projects (either new construction or renovated projects that were completed during 2008), and criteria include total project value, occupancy rates, market vs. actual rates, and the complexity of project.
“We are very proud that our property won the ‘office building of the year’ award,” said Jody Johnston, vice president and city manager for Liberty Property Trust. “Receiving the NAIOP award is prestigious, but more importantly, the award process provides us with the opportunity to measure our successes in development and leasing against the industry, while giving our team feedback that we can implement across our portfolio.”
About 4631 Woodland Corporate Boulevard
Liberty’s 4631 Woodland Corporate Boulevard is designed for LEED® Gold certification, affecting every aspect of the building’s operation, such as water conservation, indoor air quality and tenant exposure to natural light. It also addresses recycling of building materials-concrete, glass, gypsum from dry wall-during the construction process.
The 90,000 square foot tilt-up building features energy-efficient glazing, a minimum ten-foot ceiling height, an elegant lobby, state-of-the-art telecommunications and fiber optics, and six-per-1,000 parking. The building’s construction consists of recycled materials which include the concrete, steel, carpet, ceiling tiles and similar materials. In addition, the paint, glues and adhesives are all free of toxic materials.
The building has a designated recycling area, showers, bicycle racks, and preferred parking spaces for hybrid vehicles. The maintenance of the building is supported by a cleaning green program that includes environmentally-friendly cleaning agents. This building features state of the art HVAC systems with energy efficient mechanical equipment, motion sensors for lights and water faucets and waterless urinals.
Liberty’s 4631 Woodland Corporate Boulevard building marks the company’s completion of the Woodland Corporate Center. Liberty has developed and leased 19 buildings offering nearly one million square feet of space in the park since 1996. Other key tenants in the park include Aetna, Travelers, American Express Travel and GE Medical.
NAIOP is the nation's leading trade association for developers, owners, investors, asset managers and other professionals in industrial, office and mixed-use commercial real estate. Established in 1985, the Northeast Florida Chapter of NAIOP has more than 300 members that participate in a variety of programs and special events which provide networking and business opportunities for all real estate related professionals; a forum for continuing education; and promotes effective public policy, through its grassroots network, to create, protect and enhance property values.
Liberty and LEED®/Sustainable Development
Liberty has been recognized for its commitment to sustainable design and its positive impact on its tenants’ employees, the environment and its communities. Most recently, Liberty was named the National Association of Industrial and Office Properties (NAIOP) 2008 Developer of the Year. This award is presented annually to one member-developer company that best exemplifies leadership and innovation in the commercial real estate industry. Liberty is also the proud recipient of the CoreNet Global 2008 Sustainability Leadership Award for Design & Development and the 2007 NAIOP Green Development Award. The company was also honored with the U.S. Green Building Council’s 2006 LEED Corporate Leadership Award, recognizing outstanding leaders in green building that demonstrate exceptional vision, leadership, and commitment to the evolution of green building design and construction. Liberty has invested more than $1 billion in sustainable developments.
About Liberty Property Trust
Liberty Property Trust (NYSE:LRY), headquartered in Malvern, PA, 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 75 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at approximately 750 office, distribution and light manufacturing facilities. The company has received numerous recognitions for its leadership, customer service and commitment to the development of high performance green buildings and was recently recognized as the 2008 NAIOP (National Association of Industrial and Office Properties) Developer of the Year. For more information visit www.libertyproperty.com.
Contact: Jody Johnston
Liberty Property Trust
Media: Margo Hunt Winans