CHARLOTTE, NC– March 5, 2012 – Liberty Property Trust today announced that it has executed a lease agreement with The Goodyear Tire & Rubber Company at Liberty’s recently acquired Seven building, a 1.08 million square foot building located at Crosspoint Center Industrial Park in Charlotte. The Goodyear Tire & Rubber Company has leased 32,000 square feet of warehouse and distribution space at 2701 Hutchison McDonald Road. It is anticipated that the company will move into its new location in April.
Barbara Jespersen of Cassidy Turley represented Goodyear and Terry Brennan of Trinity Partners represented Liberty in the transaction.
“We welcome another quality company to Crosspoint,” said Massie Flippin, vice president and city manager for Liberty’s Carolinas region. “The Goodyear Tire & Rubber Company is a valued national customer, and we are very pleased to be able to offer a customized space that accommodates the company’s growth needs."
Liberty purchased the 1.08 million square foot industrial park centrally located on 78-acres in October of last year. Crosspoint Center offers immediate access to both I-77 and I-85 and larger tenants in the park include Sygma, MEDIC, Flexalloy, and Lansing Building Products.
The acquisition of the Crosspoint Center Industrial Park increased Liberty’s Carolinas portfolio to approximately six million square feet, with 1.8 million square feet in Charlotte.
About Liberty Property Trust
Headquartered in Malvern, PA, Liberty Property Trust (NYSE:LRY) 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 79 million square foot portfolio offers exceptional locations and flexible design to more than 1,900 tenants at nearly 700 properties. The company is a leader in the development of high performance green buildings. For more information please visit www.libertyproperty.com.
General Inquiries: Massie Flippin, Liberty Property Trust, 704/426-8000
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653