{"id":1004088504,"date":"2013-12-13T13:03:15","date_gmt":"2013-12-13T21:03:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=226051"},"modified":"2022-12-05T17:35:23","modified_gmt":"2022-12-06T01:35:23","slug":"liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\/","title":{"rendered":"Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

\"\"<\/a>Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.<\/p>\n

All the tenants are located in buildings acquired when Liberty purchased a major industrial portfolio earlier this fall. As previously reported by Commercial Property Executive<\/a><\/em>, Liberty Property Trust entered into a definitive agreement to acquire the operating partnership of Cabot Industrial Value Fund III in August.<\/p>\n

\u201cWhen we completed the purchase of Cabot Industrial Value Fund III in October, 3.2 million of the 23 million-square-foot portfolio was located in the greater Chicago market,\u201d says Don Schoenheider, vice president and city manager for Liberty\u2019s Illinois region. \u201cThis provided us with a terrific opportunity to expand our footprint. It\u2019s been an exciting couple of months as we have gotten to know our newest tenants. Their renewals are very encouraging and we look forward to working with each for many years to come.\u201d<\/p>\n

Out of the five agreements the largest was with MSC Industrial Direct for 181,635 square feet in Hanover Park. The property is located close to the other two buildings Liberty purchased last month in DuPage County, 135-195 East Elk Trail and 515 Kehoe Boulevard.<\/p>\n

\u201cPart of our strategy has been to reach greater depth in DuPage County, as it is an excellent logistics market,\u201d Schoenheider says. \u201cWith recent acquisitions we now have more than a dozen buildings there that broaden our property mix; a fact we see as an extremely important differentiator heading into 2014.\u201d<\/p>\n

The other four new leases renewed this month by Liberty include agreements with EZ Mailing Services Inc. in Bensenville; Tactical Lighting Systems in Addison; Tri-Fin LLC in Itasca, and Perfection Servo Hydraulics in Batavia.<\/p>\n

Logo Courtesy of: www.libertyproperty.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[1815],"class_list":["post-1004088504","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest","tag-national"],"acf":[],"yoast_head":"\nLiberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings\" \/>\n<meta property=\"og:description\" content=\"Liberty Property Trust recently announced it has renewed leases with five tenants, totaling 277,495 square feet of industrial space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-12-13T21:03:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T01:35:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/Liberty-Property-Trust-Logo.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings\",\"datePublished\":\"2013-12-13T21:03:15+00:00\",\"dateModified\":\"2022-12-06T01:35:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/Liberty-Property-Trust-Logo.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"Chicago\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-renews-leases-with-five-tenants-in-recently-acquired-industrial-buildings\\\/\",\"name\":\"Liberty Property Trust Renews Leases with Five Tenants in Recently Acquired Industrial Buildings - 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