{"id":1004089106,"date":"2013-12-31T06:59:04","date_gmt":"2013-12-31T14:59:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004089106"},"modified":"2022-12-06T04:05:27","modified_gmt":"2022-12-06T12:05:27","slug":"liberty-property-trust-closes-368m-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/","title":{"rendered":"Liberty Property Trust Closes $368M Sale"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor<\/i><\/p>\n<p>Liberty Property Trust, of Malvern, Pa., has closed on the sale of 49 properties totaling about 4 million square feet of space and 140 acres of land for a total of $367.7 million, Liberty announced Monday. The buyer was not disclosed.<\/p>\n<p>This sale was part of a transaction, announced last month (see below), consisting of 97 properties in all. The sale of the rest of the portfolio, for $329.6 million, is scheduled for late January.<\/p>\n<p>This initial closing consisted of 1.9 million square feet of office properties, 1.8 million square feet of flex properties and 274,000 square feet of industrial properties, and includes Liberty\u2019s 32-property, 2.1 million-square-foot Jacksonville, Fla., portfolio in its entirety; five buildings totaling nearly 1 million square feet in Fort Washington, Pa.; and 12 flex properties in Minnesota totaling about 915,000 square feet.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/jacksonville\/liberty-sells-office-industrial-flex-properties-across-states\/\">In a statement accompanying the November announcement, Liberty CEO William Hankowsky commented that the REIT intended to concentrate its office portfolio in fewer markets and to expand its portfolio allocation to industrial real estate<\/a>.<\/p>\n<p>The second half of that strategy was also shown by an earlier deal on which <i>Commercial Property Executive<\/i> reported last August, Liberty\u2019s $1.5 billion acquisition of the operating partnership of Cabot Industrial Value Fund III. That purchase brought about 23 million square feet of space in 177 properties in 24 markets into Liberty\u2019s industrial portfolio. The markets represented in that acquisition included Minneapolis, Southern California, Atlanta and Dallas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liberty Property Trust has closed on the sale of 49 properties totaling 4 million square feet of space and 140 acres of land for a total of $368 million.<\/p>\n","protected":false},"author":882,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,21747],"tags":[],"class_list":["post-1004089106","post","type-post","status-publish","format-standard","hentry","category-industrial","category-investment","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Liberty Property Trust Closes $368M Sale - 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-closes-368m-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Liberty Property Trust Closes $368M Sale\" \/>\n<meta property=\"og:description\" content=\"Liberty Property Trust has closed on the sale of 49 properties totaling 4 million square feet of space and 140 acres of land for a total of $368 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/\" \/>\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=\"2013-12-31T14:59:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T12:05:27+00:00\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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-closes-368m-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-closes-368m-sale\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Liberty Property Trust Closes $368M Sale\",\"datePublished\":\"2013-12-31T14:59:04+00:00\",\"dateModified\":\"2022-12-06T12:05:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-closes-368m-sale\\\/\"},\"wordCount\":235,\"commentCount\":0,\"articleSection\":[\"Industrial\",\"Investment\",\"News\",\"Office\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-closes-368m-sale\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-closes-368m-sale\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/liberty-property-trust-closes-368m-sale\\\/\",\"name\":\"Liberty Property Trust Closes $368M Sale - 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He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/scott-baltic\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Liberty Property Trust Closes $368M Sale - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/","og_locale":"en_US","og_type":"article","og_title":"Liberty Property Trust Closes $368M Sale","og_description":"Liberty Property Trust has closed on the sale of 49 properties totaling 4 million square feet of space and 140 acres of land for a total of $368 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2013-12-31T14:59:04+00:00","article_modified_time":"2022-12-06T12:05:27+00:00","author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/"},"author":{"name":"Scott Baltic","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"headline":"Liberty Property Trust Closes $368M Sale","datePublished":"2013-12-31T14:59:04+00:00","dateModified":"2022-12-06T12:05:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/"},"wordCount":235,"commentCount":0,"articleSection":["Industrial","Investment","News","Office"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/","url":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/","name":"Liberty Property Trust Closes $368M Sale - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2013-12-31T14:59:04+00:00","dateModified":"2022-12-06T12:05:27+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/liberty-property-trust-closes-368m-sale\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Liberty Property Trust Closes $368M Sale"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. 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