Greenfield Partners, LLC and Somerset Properties, Inc. Complete Acquisition of Office Portfolio

LOWER GWYNEDD, Pa., April 4, 2012 /PRNewswire/ -- Greenfield Partners, LLC in partnership with Somerset Properties, Inc. announced that it has acquired 34 office, flex, and industrial buildings totaling 1,904,576 square feet of space for approximately $146 million.  The properties are located in Southern New Jersey; Milwaukee, WI;  and Highpoint, NC.  The properties were sold by Liberty Property Trust and were approximately 86% leased at the time of sale.  A complete list of properties appears below. 

Greenfield Partners, LLC was founded in March 1997, and is a private company dedicated to excellence in real estate investing.  Greenfield is an investment management company with more than $4 billion in equity under management.  Somerset Properties, Inc. is an owner & operator of commercial real estate.  Since 1996 Somerset has been creating value for investors with its entrepreneurial approach to acquiring, managing, leasing, and developing commercial properties.

For more information please contact:

Mark White, Principal
Somerset Properties, Inc.
768 N. Bethlehem Pike, Suite 203
Lower Gwynedd, Pa  19002
Office (215) 283-2960
[email protected]

Property List:

11020 West Plank Court, Wauwatosa, Wisconsin
10050 South 27th Street, Oak Creek, Wisconsin
2440 West Corporate Preserve Drive, Oak Creek, Wisconsin
7800 N. 113th Street, Milwaukee, Wisconsin
11950 West Lake Park Drive, Milwaukee, Wisconsin
11400 West Lake Park Drive, Milwaukee, Wisconsin
11425 West Lake Park Drive, Milwaukee, Wisconsin
11301 West Lake Park Drive, Milwaukee, Wisconsin
11900 West Lake Park Drive, Milwaukee, Wisconsin
11414 West Park Place, Milwaukee, Wisconsin
12100 West Park Place, Milwaukee, Wisconsin
11100 West Liberty Drive, Milwaukee, Wisconsin
11300 West Theodore Trecker Way, West Allis, Wisconsin
11548 West Theodore Trecker Way, West Allis, Wisconsin
11420 West Theodore Trecker Way, West Allis, Wisconsin
20935 Swenson Drive, Brookfield, Wisconsin
20975 Swenson Drive, Brookfield, Wisconsin
20825 Swenson Drive, Brookfield, Wisconsin
4020 Meeting Way, Highpoint, NC
4008 Mendenhall Oaks Parkway, Highpoint, NC
4160 Mendenhall Oaks Parkway, Highpoint, NC
4170 Mendenhall Oaks Parkway, Highpoint, NC
4180 Mendenhall Oaks Parkway, Highpoint, NC
4191 Mendenhall Oaks Parkway, Highpoint, NC
4050 Piedmont Parkway, Highpoint, NC
4135 Mendenhall Oaks Parkway, Highpoint, NC
4194 Mendenhall Oaks Parkway, Highpoint, NC
4196 Mendenhall Oaks Parkway, Highpoint, NC
4100 Mendenhall Oaks Parkway, Highpoint, NC
4015 Meeting Way, Highpoint, NC
701A Route 73, Marlton, NJ
701C Route 73, Marlton, NJ
3000 Atrium Way, Mt. Laurel, NJ
2000 Crawford Way, Mt. Laurel, NJ

SOURCE Somerset Properties, Inc.