HAMPTON ROADS, VA – July 12, 2011 – Liberty Property Trust (NYSE:LRY) today announced that it has signed 6,726 square feet of new leases and 95,199 square feet in lease renewals and expansions for office and warehouse space in Hampton Roads during the past quarter.
“Tenant retention was the anchor of our leasing activity this past quarter,” said Craig Cope, vice president and city manager at Liberty Property Trust. “We are pleased to accommodate growth requirements for several of our long-term tenants and help each company expand and relocate within our portfolio.”
Liberty renewed leases with eleven existing tenants including Crescent Recovery (for 23,424 square feet) at Battlefield Tech Center I in Chesapeake; SSAI (for 30,755 square feet) at Oxford Plaza in Hampton; DeVry (for 15,852 square feet) at Liberty III in Chesapeake; EMG (for 5,577 square feet) at Westmoreland in Virginia Beach; and Kimley-Horn (for 5,028 square feet) at Lake Center I in Chesapeake.
Liberty’s new tenants in the region include Adaptive Methods (for 1,841 square feet) and DHL (for 3,433 square feet) both at Lake Center I in Chesapeake; and Merrill-Lynch (for 1,452 square feet) with the addition of a new Wealth Management Group at its existing location at Reflections III in Virginia Beach.
Liberty Property Trust owns and manages a combined 1.7 million square foot warehouse and office portfolio in Hampton Roads, and a four million square foot warehouse portfolio in Richmond, Virginia.
About Liberty Property Trust
Headquartered in Malvern, PA, Liberty 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 2,000 tenants at nearly 700 properties. The company is a leader in the development of high performance green buildings. For more information visit www.libertyproperty.com.
General Inquiries: Craig Cope, Liberty Property Trust, 757/498-4800
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653