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 LEASES MORE THAN 82,000 SQUARE FEET
IN SOUTH FLORIDA IN THE THIRD QUARTER OF 2009
BOCA RATON – October 26, 2009 - Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages 2.1 million square feet of office and industrial properties in South Florida, today announced that it completed ten lease and renewal agreements totaling more than 82,000 square feet of office, flex and warehouse space during the third quarter of 2009.
During the quarter, Liberty gained six new tenants with leases totaling 42,269 square feet. In addition, approximately 39,883 square feet of space was renewed.
“We are pleased to have signed leases with six new tenants during the third quarter,” said Andy Petry, vice president at Liberty. “Companies are recognizing that a well-capitalized, customer service-oriented landlord can provide them with the comfort that their businesses will be well supported by their work environment.”
Liberty's South Florida portfolio is 84.6% leased, with approximately 463,198 square feet of office, flex and industrial space currently available for lease. The company owns 26 buildings including the newly completed Boca Colonnade II, the regions first high performance class A office building to earn LEED® Gold certification from the U.S. Green Building Council (USGBC).
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 leader in the development of high performance green buildings. For more information please visit www.libertyproperty.com.