ORLANDO, FL – Sept. 15, 2010 - Liberty Property Trust (NYSE:LRY) today announced that it has purchased a 713,585 square foot warehouse distribution facility for a total investment of $23.6 million, bringing the company’s Orlando portfolio to more than 4.5 million square feet of space.
The newly acquired warehouse facility is 100% leased to a high-credit tenant, and is located at 8201 Chancellor Drive in the South Orlando industrial submarket.
“This property’s position on Chancellor Drive just may be the most desirable, strategic location for distributing product to the entire Florida market,” commented Liberty senior vice president, Stephen Whitley (lower left photo).
David Murphy (top right photo) of CBRE in Orlando (along with the CBRE Atlanta Investment Sales Team of Frank Fallon, Chris Riley and Brian Budnick) represented Pacific Life in the sale of the distribution facility.
Liberty owns, manages and leases a total of 35 buildings providing office and industrial space to approximately 90 tenants in the greater Orlando area.
General Inquiries: Stephen Whitley, Liberty Property Trust, 407/447-1776
Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653
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