Liberty Property Trust Announces Sale of Office Complex for $63.5 Million

MALVERN, Pa., July 31, 2015 (GLOBE NEWSWIRE) -- Liberty Property Trust has sold 1170, 1180 and 1190 Devon Park Drive, a fully-leased, three-building complex comprising 250,185 square feet of office space in Wayne, PA, for $63.5 million. The transaction closed yesterday.

Liberty was represented by Newmark Grubb Knight Frank in the transaction.

About the Company

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 105 million square foot portfolio includes more than 700 properties providing office, distribution and light manufacturing facilities to 1,700 tenants.

Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704

Source:Liberty Property Trust