Company Adds 188 Acres in Dayton/Rogers and a Warehouse in Shakopee

Eden Prairie, MN - November 17, 2015 - Liberty Property Trust today announced that it has purchased 188 acres of land located in Dayton and Rogers, MN and a 198,000 square foot warehouse in Shakopee, MN.

Dayton/Rogers Land

Liberty purchased 188 acres of land in Dayton and Rogers, MN for $10.7 million. The master planned site, to be known as French Lake Industrial Center, can accommodate up to two million square feet of industrial development with the opportunity to provide contiguous space options of over one million square feet.

'As we have seen with the success of Liberty Property Industrial Park at Diamond Lake in Rogers, MN, we are committed to meeting the demands of our customers in the Twin Cities and those new to our market,'said Dave Jellison, vice president and city manager for Liberty's Minnesota region.

Jon Rausch from Cushman & Wakefield/NorthMarq represented Liberty Property Trust in the land transaction.

Shakopee, MN Warehouse

Liberty acquired 5651 Innovation Boulevard, a 197,956 square foot warehouse facility located in Valley Park Business Center, in Shakopee, MN for $11 million. The building is currently 100% available for lease.

'We are very excited about expanding our industrial portfolio in the highly active SW Metro submarket as our two existing Shakopee buildings are fully leased,' said Jellison.

Built in 2014, 5651 Innovation Boulevard offers 32' clear height; 37 dock doors and two drive-in doors; ESFR sprinkler system; 48' x 45' column spacing with 60' speed bay; 242' building depth and 130' deep truck court, with a 60' apron.

Mark Kolsrud and David Berglund from Colliers International represented the seller, The Opus Group, in the Valley Park Business Center transaction.

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 106 million square foot portfolio includes more than 728 properties which provide office, distribution and light manufacturing facilities to 1,700 tenants.

General Inquiries: Dave Jellison, Liberty Property Trust, 952.947.1100

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

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