Liberty Property Trust

07/15/2019 | Press release | Distributed by Public on 07/15/2019 09:41

Liberty Property Trust Leases 256,783 Square Feet of Industrial Space in the Piedmont Triad

Liberty Property Trust Leases 256,783 Square Feet of Industrial Space in the Piedmont Triad

July 15, 2019

Charlotte, NC - July 15, 2019 - Liberty Property Trust has completed five agreements, leasing a total of 256,783 square feet of industrial space, in the Piedmont Triad.

'We continue to reap the benefits of long-term customer relationships in the Carolinas,' said Bryan Blythe, vice president and market leader for Liberty. 'Liberty is at more than 95-percent occupancy in the Triad and we anticipate active leasing activity will continue given the quality and location of our buildings, primarily in the airport submarket.'

Three leases were renewals and two were new. Some of the leases included:

  • Cable Assembly renewed 62,200 square feet on a long-term lease at 6532 Judge Adams Road in Whitsett. The company has been a tenant for more than a decade.
  • Inmark, LLC signed a long-term renewal at 4183 Eagle Drive in High Point. The agreement is for 29,578 square feet of space. Mitchell Lipton of Mohr Partners represented the tenant.
  • Schiller leased 6,005 square feet of space at 4500 Green Point Drive in Greensboro and will move into the location in July. Ryan Conboy and Raffi Simel of Triad Commercial Properties represented Liberty Property Trust.

Earlier in the year, the company leased two other spaces - one at Eagle Hill Business Park and another at Lowell's Run Business Park - totaling 159,000 square feet.

Blythe represented Liberty in all transactions except as noted.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) owns and manages more than 9.2 million square feet of industrial space in the Carolinas, including Charlotte, Raleigh-Durham and the Piedmont Triad in North Carolina and in Greer and Greenville, South Carolina. The portfolio is currently 95% occupied.

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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments for 1,200 tenants.

# # #

Released July 15, 2019