LIBERTY PROPERTY TRUST’S INDEPENDENCE PLACE IN CHESAPEAKE RECEIVES OFFICIAL LEED GOLD CERTIFICATION

Award Marks the First Office Building in Hampton Roads to Receive Certification

HAMPTON ROADS, VA – March 6, 2009 - Liberty Property Trust (NYSE: LRY), one of the largest owners and managers of Class A office space in Hampton Roads, today announced that it has officially received LEED® Gold certification by the U.S. Green Building Council (USGBC) for its Independence Place building in Chesapeake.

“By designing Independence Place and its systems to meet LEED Gold certification standards, we hope to improve operating efficiency for our tenants and reduce the overall impact to the environment,” said Craig Cope, vice president and city manager, Liberty Property Trust.

Independence Place is the first office building in Hampton Roads to receive LEED Gold certification. The 73,345 square foot building’s environmentally friendly features include: tinted, energy-efficient glass, certified renewable woods, waterless urinals, low-flow shower heads and sensor faucets, water-efficient landscaping, high energy-efficient HVAC equipment with special filters and carbon dioxide monitors, a highly reflective white TPO roof membrane, and low emission paints, carpet and adhesives. The site also offers preferred parking for fuel efficient vehicles, making it an ideal destination for companies seeking to be located in the heart of Chesapeake’s thriving business community.

In addition, a central area is provided for the recycling of office waste, and Liberty also provides off-site recycling through TFC Recycling, one of the leading providers of Responsible Waste Solutions and recycling in the Mid Atlantic. The maintenance of the building is supported by a green cleaning program that includes environmentally-friendly cleaning solutions.

This building increases Liberty’s ownership position in the Chesapeake market to 720,000 square feet.

Independence Place is located within a three mile radius of all major conveniences including Greenbrier Mall, Greenbrier Country Club, Chesapeake General Hospital, various day care centers, hotels, regional bank, U.S. Post Office and an abundance of restaurants and fast food outlets.

Achieving LEED Gold status for Independence Place was a group effort: the architect was Meyer Design Inc.; the engineers were Kimley-Horn & Associates, Wegmann Associates, BALA Consulting, and G.E.T.; the LEED consultant was ReVision Architects; the commissioning agent was BALA Engineering; and the general contractor was ARCO Design/Build.

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 owns, leases and manages 27 properties in Hampton Roads, providing approximately 1.8 million square feet of office, industrial and warehouse space in Virginia Beach, Suffolk, Chesapeake and Hampton.

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.