Eden Prairie, MN - September 17, 2014 - Liberty Property Trust today announced that it has begun site work at its recently acquired 20-acre parcel, to be known as Dayton Distribution Center. Construction of Dayton Distribution Center I totaling 247,000 square feet, will commence immediately, with expected delivery by spring 2015.

"From putting the land under contract to the start of site work was less than 60 days. The City of Dayton's Mayor, Planning Commission, City Council and staff were all very supportive of the project and helped to fast-track the approval process so we could get underway this fall," said Dave Jellison, vice president and city manager for Liberty's Minnesota region.

Dayton Distribution Center I will be a state of the art distribution building with 32' clear height, abundant trailer storage and a deep truck court. Liberty is pursuing LEED® Core and Shell™ certification for the building.

"This is an exciting development for the City of Dayton and I am delighted to welcome a quality company like Liberty Property Trust," said Mayor Tim McNeil. "The project design is appealing and it is located on a very visible site along I-94. The City of Dayton will benefit from the increased tax base."

Dayton Distribution Center is located along I-94 with excellent visibility and convenient access to County Road 81 and Highway 169.

The architect for the development project is Ed Farr Architects, Inc., the civil engineer is Anderson Engineering of MN, LLC and the general contractor is R.J. Ryan Construction, Inc. Richard Weiblen is Liberty's project manager. 

Jim DePietro of CBRE represented the seller and Jon Rausch of Cushman & Wakefield/NorthMarq represented Liberty in the land transaction.

Liberty has begun plans for a second development in the complex, Dayton Distribution Center II, a 77,000 square foot facility. The company anticipates construction to start in midyear 2015.

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.

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