Boca Raton, FL – February 28, 2017 – With industrial property vacancy rates dipping below four percent, Liberty Property Trust is experiencing strong interest with the opening of the first two buildings at its new industrial park – Liberty Airport Center (LAC) – in West Palm Beach.
"These two buildings offer a combined 218,000 square feet of new, Class A industrial space – space greatly needed in the current market," said Andy Petry, vice president and market leader, Liberty Property Trust. "This 70-acre master planned business park is raising the bar for what businesses can expect in South Florida."
LAC Building One at 6035 Southern Boulevard features 140,400 square feet of space with 32' clear heights and 54' x 50' column spacing. More than 200 feet deep with 42 dock doors and two oversized doors with ramps, it includes a 130-foot private truck court and 1.5 per 1,000 parking.
LAC Building Two at 6017 Southern Boulevard, offers 77,760 square feet of space with 24' clear heights and 54' x 46' column spacing. The building is 160 feet deep with 32 dock doors and two oversized doors with ramps. It provides access to a 200-foot shared truck court and 1.5 per 1,000 parking.
Both buildings include early suppression/fast response (ESFR) fire suppression systems, impact glass and energy saving T-5 lighting, and are located within easy access of Interstate 95 at Southern Blvd.
When complete, LAC will include seven industrial buildings offering a total of 642,000 square feet of space.
"We are very encouraged by the interest we are receiving in these two buildings and opportunities at Liberty Airport Center that are on the horizon," said Petry. "It's been some time since a new Class A business park has been developed here and we believe it will make a major contribution to the market."
About 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 99 million square foot portfolio includes 558 properties which provide office, distribution and light manufacturing facilities to 1,200 tenants.
General Inquiries: Andy Petry, Liberty Property Trust, 561.999.0310
Media Contact: Robbie Tarpley Raffish, a.s.a.p.r., 443.944.9301