FOR IMMEDIATE RELEASE
General Inquiries: Andy Petry, Liberty Property Trust, 561/999-0310
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
LIBERTY PROPERTY TRUST RENEWS TWO TENANTS AT BOCA COLONNADE
Lease Renewal Commitments Total 78,881 Square Feet
BOCA RATON – April 6, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages nearly two million square feet of office and industrial properties in South Florida, today announced it has renewed leases with two tenants in its Boca Raton portfolio.
o Campus Management Corporation has renewed a long-term lease for 53,619 square feet in the Boca Colonnade building, located at 777 Yamato Road. The company has been a Liberty tenant since 2002. Greg Katz with Studley represented Campus Management Corporation in the transaction.
o Also renewing in the Boca Colonnade building is Verizon Wireless Personal Communications LP. The company has renewed its lease for 25,262 square feet and has been a long-time tenant with Liberty since 1995. Keith Edelman and Scott Goldstein with Jones Lang LaSalle represented Verizon Wireless in the transaction.
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 77 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at 700 office, distribution and light manufacturing facilities. The company is a national leader in the development of high performance green buildings with more than seven million square feet of new sustainable development either completed or under construction worldwide. For more information visit www.libertyproperty.com.