Liberty Property Trust Sadly Announces the Passing of Larry Gildea

Oct 26, 2010, 10:00 ET from Liberty Property Trust

MALVERN, Pa., Oct. 26 /PRNewswire/ -- Liberty Property Trust (NYSE: LRY) regretfully announced today that Lawrence D. Gildea, Senior Vice President and Regional Director, has passed away.  Mr. Gildea had been receiving treatment for lung cancer for the past year.  

"Larry was an extraordinary developer, an extraordinary manager of people, and an extraordinary human being," said Liberty's chief executive officer, Bill Hankowsky.  "His integrity, his creativity, and his passion for the art of real estate development shone in everything he did."

A native of Scranton, PA, Mr. Gildea joined Liberty's predecessor company, Rouse & Associates, in 1984, and served in the company's Maryland operation before launching Rouse's North Carolina office in High Point in 1988.  He quickly put his stamp on the Piedmont Triad's commercial real estate market, developing office and industrial properties of superior quality, culminating in the flagship Mendenhall at Piedmont Centre.  

"Perhaps more than anyone I have ever known, Larry believed that buildings are all about the people who interact with them," said Rob Fenza, Liberty's chief operating officer.  "He was incredibly passionate about creating environments that could lift people's spirits.  We are committed to carrying on his legacy as we mourn the loss of his friendship."

Liberty Property Trust (NYSE: LRY) 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 80 million square foot portfolio includes more than 700 properties which provide office, distribution and light manufacturing facilities to 2,000 tenants.  

SOURCE Liberty Property Trust



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