Land can accommodate more than two million square feet in Port Crossing Commerce Center

Houston, TX - September 29, 2015 - Liberty Property Trust today announced the acquisition of three buildings and 139 acres of additional land in La Porte, Texas, within the port submarket. Liberty invested approximately $93 million in this acquisition.

The three 100% leased buildings consist of two rail served and a cross dock building, totaling 921,196 square feet. They are located in close proximity from both the Bayport Container Terminals and the Barbour's Cut Terminal. Tenants in the park include Anheuser-Busch, Gulf Winds, Ferguson Enterprises and Overland Distribution.

Liberty purchased the 139 acres of land with plans to add an additional two million square feet of development to Port Crossing Commerce Center. The mixed-use park will include cross dock and rear load buildings.

'Strategically, it's been our goal to expand our presence in the southeast/La Porte submarket. We see strengthening fundamentals in this submarket due to one, the positive downstream impact that low oil prices have had on the petrochemical industry, and second, the significant investment and expansion in Houston's port facilities.' said Jay Kraft, vice president and city manager for Liberty's Houston region. 'With the additional land that will be acquired, we will have the opportunity to leverage our company's expertise in development on the site.'

Phase I development, which could include a 408,000 square foot cross dock building and a 105,000 square foot rear load building, could commence in 2016.

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 105 million square foot portfolio includes 729 properties which provide office, distribution and light manufacturing facilities to 1,700 tenants.

General Inquiries: Jay Kraft, Liberty Property Trust, 281.955.2000

Media Contact: Margo Hunt Winans, a.s.a.p.r., 757.404.8653

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