Liberty Property Trust's Southeastern Pennsylvania Region Leases More Than 750,000 Square Feet of Space

Malvern, PA -February 5, 2015 - Liberty Property Trust today announced that it signed more than 70 lease agreements in the second half of 2014, representing more than 750,000 square feet of activity in Southeastern Pennsylvania.

"Momentum was strong in the second half of 2014. Our leasing team has been working overtime managing increased prospect activity and the execution of large leases in the Horsham, King of Prussia and Malvern submarkets," said Tony Nichols, vice president and city manager of Liberty's Southeastern Pennsylvania portfolio. "We are looking forward to continued activity in southeast Pennsylvania through 2015. A major influencer is that tenants are really beginning to feel the positive benefits derived from the widening of Route 202 at Route 29, and the slip ramps for the PA-Turnpike around the Malvern based Great Valley Corporate Center."

Notable leases completed in the second half of 2014 include:

§ TNS US, LLCsigned a new lease for 39,480 square feet at 700 Dresher Road in Horsham. Michael Sweeney represented Liberty and Rija Beares and Michael Bronstein of CBRE represented TNS.

§ MobilexUSArenewed a lease for 25,098 square feet at 101-111 Rock Road in Horsham. Michael Sweeney represented Liberty and Dennis Durkin and Bryan Smith of CBRE represented Symphony Diagnostic Services No. 1, Inc.

§ LRA Worldwide, Inc. signed a new lease for 16,508 square feet at 5 Walnut Grove Drive in Horsham. Michael Sweeney represented Liberty and Paul French of Avison Young represented LRA Worldwide.

§ At 220-240 Gibraltar Road in Horsham, Morningstar Credit Ratings, LLC signed a new lease for 16,491 square feet, and Severn Trent Services, Inc. signed a new lease for 14,874 square feet, both at 220 Gibraltar Road. Michael Sweeney represented Liberty in both transactions while Rija Beares from CBRE represented Morningstar, and John Shelly, Gina Brennan and Paul Garvey of Cushman & Wakefield represented Severn Trent.

§ A new lease was signed for 151 South Warner Road, a 89,914 square foot office building in King of Prussia.

§ United States Liability Insuranceexpanded their footprint at 1170 Devon Park Drive with a new lease for 34,872 square feet in King of Prussia.

§ Fresenius Vascular Caresigned a new lease for 23,119 square feet at 40 Valley Stream Parkway in Malvern. Catherine Bianco represented Liberty and Jim Dugan from Newmark Grubb Knight Frank represented Fresenius in the transaction.

§ Wedderspoon Organic USA, LLCsigned a new lease for 8,050 square feet at 77-123 Great Valley Parkway in Malvern. Liberty was represented by Michele Countis and Scott Williams from Avison Young represented Wedderspoon.

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

General Inquiries: Tony Nichols, Liberty Property Trust, 215.328.2700

Media Contact: Alison Enger, Liberty Property Trust, 610.648.1710

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