Liberty Property Trust Sells Horsham, PA Portfolio

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News Desk 2018
Liberty Property Trust Sells Horsham, PA Portfolio

MALVERN, Pa., Dec. 04, 2015 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE: LPT ) today announced that it has closed on the sale of its entire portfolio of 41 properties in the Horsham, PA submarket totaling 2.4 million square feet of space and 20 acres of land, for proceeds of $245.3 million. The portfolio was purchased by Workspace Property Trust, a privately held, vertically integrated, full service commercial real estate company specializing in the development, management, and operation of office and flex space in the Northeast, and was 84.3% leased at closing.

The addresses of assets that were sold are attached to this release.

With this sale, Liberty’s 2015 dispositions to date total $536 million.

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 689 properties which provide office, distribution and light manufacturing facilities to 1,650 tenants.

Property Address Type SF
680 Blair Mill Road Office 115,110
455 Business Center Drive Office 51,505
555 Business Center Drive Office 30,064
700 Dresher Road Office 110,000
747 Dresher Road Office 53,200
767 Electronic Drive Flex 45,000
100 Gibraltar Road Office 2,800
101 Gibraltar Road Office 56,845
110 Gibraltar Road Office 59,429
120 Gibraltar Road Office 49,023
200 Gibraltar Road Office 64,452
201 Gibraltar Road Office 46,697
220 Gibraltar Road Office 63,587
240 Gibraltar Road Office 63,587
103-109 Gibraltar Road Flex 42,000
111-159 Gibraltar Road Flex 63,036
161-175 Gibraltar Road Flex 49,732
181-187 Gibraltar Road Flex 48,870
231-237 Gibraltar Road Flex 60,000
261-283 Gibraltar Road Flex 60,000
100-107 Lakeside Drive Office 27,465
200-264 Lakeside Drive Office 54,623
300-309 Lakeside Drive Office 43,832
400-445 Lakeside Drive Office 62,123
506 Prudential Road Office 18,200
507 Prudential Road Office 100,710
102 Rock Road Flex 40,472
101-111 Rock Road Office 37,884
113-123 Rock Road Office 37,500
123-135 Rock Road Flex 37,500
2 Walnut Grove Drive Office 81,856
4 Walnut Grove Drive Office 109,700
5 Walnut Grove Drive Office 105,000
7 Walnut Grove Drive Office 120,000
132 Welsh Road Office 45,200
300 Welsh Road Office 33,205
300 Welsh Road - Building #3 Office 23,461
300 Welsh Road - Building #4 Office 37,653
100 Witmer Road Office 139,128
104 Witmer Road Office 24,300
201-223 Witmer Road Flex 60,000
Commonwealth Corp Ctr Lot 8 Land 20.35 acres

 

Inquiries: Jeanne Leonard Liberty Property Trust 610.648.1704

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