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Liberty Property Trust Announces Disposition Activity

MALVERN, Pa., Feb. 17, 2016 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT), has sold eight properties in Delaware, Florida, and Minnesota for $131.1 million, to date in 2016.

The properties consist of:

301-321 S. Goolsby Boulevard in Deerfield Beach, Florida, for $3.8 million. The 41,614 square foot multi-tenant industrial building was 100% leased at closing.

6000 Clearwater Drive in Minnetonka, Minnesota, for $9.2 million. The 91,761 square foot office building was vacant at closing.

220 Lake Drive in Newark, Delaware for $10.1 million. The 183,235 square foot multi-tenant industrial building was 86.6% leased at closing.

Five office properties and approximately four acres of land in Tampa, Florida for $108 million. The properties comprise the following: 8705 Henderson Road, 142,881 square feet; 8715 Henderson Road, 111,012 square feet; 8725 Henderson Road, 105,165 square feet; 8735 Henderson Road, 105,110 square feet; and 8745 Henderson Road, 68,203 square feet. Upon transaction closing, the properties, were 100% leased.

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 104 million square foot portfolio includes 691 properties which provide office, distribution and light manufacturing facilities to 1,600 tenants.

Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704

Source:Liberty Property Trust