Liberty Property : Breaks Ground on 236,000 Square Foot, Class A Distribution Facility in Des Plaines

Elk Grove, IL - September 18, 2014 - Liberty Property Trust today announced that it has broken ground on a 236,000 square foot Class A distribution facility at 333 Howard Avenue in Des Plaines, IL. Occupancy is slated for early 2015. Liberty acquired the 16-acre property in July and is in the process of removing an existing 290,000 square foot building to make way for the project.

" We are very excited about the level of tenant activity since we announced that we would develop this new property, and have proposals out for substantial portions of the building ," said Don Schoenheider, vice president and city manager, Liberty Property Trust. " The property's proximity to O'Hare, visibility on the Jane Adams expressway and overwhelming parking capacity - which is extremely rare in the airport submarket - have been the key drivers of our strong start ."

The building at 333 Howard Avenue is the largest for Liberty in the O'Hare submarket and is situated in a prime location less than one mile from the airport's north cargo entrance. In addition to the location, a unique feature of the new development is the considerable parking capacity. This includes room to park 389 cars or 51 trailers on site, in addition to the 283 spaces around the building perimeter. The building, which is slated to be LEED ® Certified, also boasts 65 exterior docks, a 65' x 54' staging bay, 32' clear ceiling height, energy efficient T-5 fluorescent fixtures with motion sensors, and an Early Suppression Fast Response fire suppression system. Liberty, along with Britt F. Casey and Christopher P. Lydon at Cushman & Wakefield, will handle leasing of the building.

Liberty Property Trust owns 48 buildings offering approximately 12 million square feet of space in the Chicago/Milwaukee corridor. Property is concentrated throughout the O'Hare submarket, I-55 Corridor, the Aurora/I-88 submarket and the Minooka/Elwood/I-80 Corridor, Central DuPage, as well as in Southeastern Wisconsin.

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 103 million square foot portfolio includes more than 750 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants.