Liberty Property Trust Sells Office Facility

MALVERN, Pa., March 20, 2013 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY) today announced it has sold the property at 8800 Tinicum Boulevard in Philadelphia to an affiliate of Cole Real Estate Investments, for approximately $74.7 million. The 441,000 square foot facility is occupied by PNC Bank, for whom Liberty developed the property in two phases, delivering in 1997 and 2000.

CBRE represented Liberty in the transaction. Cole was represented by Bob Corry, senior vice president of office and industrial acquisitions.

About the Company

Liberty Property Trust 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 81 million square foot portfolio includes 680 properties providing office, distribution and light manufacturing facilities to 1,800 tenants. 

SOURCE Liberty Property Trust



RELATED LINKS
http://www.libertyproperty.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.