Remains High as 110 Caliber Ridge Drive Reaches 100% Occupancy with an Executed
Lease totaling 104,000 Square Feet
NC – August 5, 2014 – Liberty Property Trust today announced that it will
break ground on two LEED® development projects in Caliber Ridge Industrial
Park in Greer, South Carolina to meet tenant demand. Development will commence
immediately on both projects, 140 Caliber Ridge Drive and 120 Caliber Ridge
Drive, with expected delivery by the end of
Caliber Ridge is located at I-85 and Highway 101
across from the BMW Manufacturing Plant and in close proximity to Greer’s new
placement of Caliber Ridge continues to drive strong interest from
prospective tenants," said Massie Flippin, vice president and city
manager for Liberty’s Carolinas region. “We are thrilled to welcome Bosch at
Caliber Ridge Industrial Park and are excited to begin construction on two new
buildings in the park. The 120 and 140 Caliber Ridge Drive buildings will be
state-of-the-art industrial facilities that can accommodate distribution, light
assembly, and manufacturing uses.”
Liberty will develop a 156,000 square foot
build-to-suit facility for Bosch Security Systems. The project, located at 140
Caliber Ridge Drive, will be used to
distribute products to customers in North and South America and support light
assembly for customer-specific projects.
has also signed an anchor tenant for its 156,000 square foot speculative
facility to be located at 120 Caliber Ridge Drive. Pilot Freight has pre-leased
41,600 square feet, leaving 114,400 square feet of speculative space available
architect for the development project is MCA Architecture, the civil engineer
is Arbor Engineering and the general contractor is ARCO Design/Build,
Inc. Jaime Maldonado is Liberty’s project manager.
Liberty completed development
of 110 Caliber Ridge Drive, a 156,000 square foot distribution facility, in
February 2014. The building is 100% leased to tenants including AL Industries.
Blythe with Liberty worked with the Thalhimer, Cushman & Wakefield team of
Brian Young, Elliott Fayssoux, and Kacie Jackson in landing all three deals.
Bosch Security Systems was represented by Charlie Whitmire at Thalhimer,
Cushman & Wakefield and Kent Ilhardt at Cushman & Wakefield out of
Chicago. Pilot Freight was represented by Frank Larsen from CBRE in
Charlotte as well as Trey Pennington and Ryan Koop from CBRE in Greenville.
Liberty’s Carolinas region is a leading
provider of quality multi-tenant warehouse assets along the I-85 corridor
between Raleigh, NC and Greenville, SC. Across the Carolinas
portfolio, Liberty owns more than seven million square feet of multi-tenant
industrial space, including 1.4 million square feet in Raleigh/Durham,
North Carolina, 1.9 million square feet in the Piedmont Triad, North Carolina,
2.6 million square feet in Charlotte, North Carolina and 1.1 million
square feet in Greenville, South Carolina.
Liberty Property Trust
Liberty Property Trust (NYSE:LPT)
is a leader in commercial real estate, serving customers in the United States
and United Kingdom through the development, acquisition, ownership and
management of superior office and industrial properties. Liberty's 103 million
square foot portfolio includes more than 750 properties which provide office,
distribution and light manufacturing facilities to 1,800 tenants.
General Inquiries: Massie Flippin, Liberty Property Trust, 704.426.8000
Media Contact: Margo Winans, Liberty Property Trust, 757.404.8653