Charlotte, NC - July 7, 2015 - Liberty Property Trust has signed a lease with Ariens Company for 31,200 square feet, marking the third tenant agreement to be signed for the company's newest LEED® industrial development, located at 120 Caliber Ridge Drive in Greer, South Carolina.

"The level of tenant demand for Class A industrial product in the Greenville-Spartanburg market remains high. Our project at 120 Caliber Ridge Drive has attracted a quality group of diversified tenants seeking state-of-the-art industrial buildings," said Massie Flippin, vice president and city manager for Liberty's Carolinas region.

Ariens Company will move into the new building in late summer, leaving 31,200 square feet of space available for lease at 120 Caliber Ridge.

Liberty has developed 624,000 total square feet across four warehouses at Caliber Ridge Industrial Park during the past 24 months. Its most recent project is the 156,000 square foot building at 130 Caliber Ridge Drive, which was delivered to the market for lease last month. Three of the five buildings in Caliber Ridge Industrial Park are 100% leased.

Elliott Fayssoux, Brian Young and Kacie Jackson of Cushman & Wakefield | Thalhimer represented Liberty and Campbell Lewis of CBRE represented Ariens Company.

Caliber Ridge is located at I-85 and Highway 101 across from the BMW Manufacturing Plant and in close proximity to Greer's new inland port. With the completion of 130 Caliber Ridge Drive, Liberty's industrial portfolio in the Greenville-Spartanburg market will total 1.6 million square feet.

About Ariens Company

Based in Brillion, Wisconsin, Ariens Company is a privately-owned and operated corporation focused on outdoor products that serve the needs of both consumer and professional customers. Established in 1933, the company manufactures original outdoor power equipment under the Ariens®, Gravely®, Sno-Tek®, Countax® and Westwood® brands. As a distributor of specialty equipment, supplies and gear, Ariens Company serves niche outdoor segments through direct marketing brands Gempler's®, Ben Meadows®, AW Direct®, Stens®, J Thomas® and Bynorm®. Visit http://www.ariensco.comfor more information.

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 750 properties which provide office, distribution and light manufacturing facilities to 1,900 tenants.

General Inquiries: Massie Flippin, Liberty Property Trust, 704.426.8000

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

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