Liberty Property Trust Sells Suburban Philadelphia Office Properties for $106.9 Million
LIBERTY PROPERTY TRUST (LPT)
Last liberty property trust earnings: 10/27 06:25 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=96097&p=irol-irhome
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Source: GlobeNewswire
MALVERN, Pa., March 16, 2018 (GLOBE NEWSWIRE) -- Liberty Property has sold 779,190 square feet of suburban office properties in two transactions for $106.9 million. Both transactions closed this week. In the first transaction, Liberty sold 9, 15-25 and 11 Great Valley Parkway in Malvern, PA. The properties totaled 186,248 square feet, and were sold for $14.9 million. The properties in the second transaction are 440 and 460 E. Swedesford Road in Wayne, PA; 2100 and 2201 Renaissance Boulevard in King of Prussia, PA; 45 Liberty Boulevard and 300, 400 and 500 Chesterfield Parkway in Malvern, PA. They total 592,942 square feet, and sold for $92 million. In addition, Liberty has sold one 80,000 square foot industrial building at 301 Hill Carter Parkway in Richmond, VA for $7 million. With these sales, Liberty's 2018 dispositions to date total $190.8 million. About Liberty Property Trust Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the
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