FOR IMMEDIATE RELEASE
General Inquiries: Joe Trinkle, Liberty Property Trust, 281/955-2000
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
LIBERTY SIGNS NEW LONG-TERM LEASE WITH ADVANCED PLATINUM SOLUTIONS
AT WEST LITTLE YORK DISTRIBUTION CENTER
HOUSTON – June 1, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages approximately 3.8 million square feet of warehouse and distribution space in Houston, today announced that it has recently signed a new long-term lease at West Little York Distribution Center in Northwest Houston.
Advanced Platinum Solutions has signed a new long-term lease for 110,000 square feet of warehouse/distribution space located at 10735 West Little York in Houston. Advanced Platinum Solutions has moved into its new location, which provides warranty and repair services for Hewlett Packard in the U.S.
“Liberty has been extremely responsive to our needs from the onset of our initial meeting,” said Kumar Kandasamy, president & CEO, Advanced Platinum Solutions. “We have been very impressed with the level of customer service provided to us and the willingness of the Liberty team to meet our time sensitive deadlines. Our new location is excellent and the building offers us the opportunity to grow our operations in the very near future.”
Troy Collins with Holt Lunsford represented Advanced Platinum Solutions 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 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.