Distribution building acquired in Franklin Park

Elk Grove, IL - March 22, 2016 - Liberty Property Trust today announced that it has purchased Franklin Park Distribution Center, a 73,160 square foot industrial building located at 11222 Melrose Avenue in Franklin Park, IL. The property is currently 53% leased.

'Given our recent success in Des Plaines, we have been carefully searching for other investment opportunities in the O'Hare submarket,' said Neal Driscoll, vice president and city manager, Liberty Property Trust. 'Franklin Park Distribution Center's visibility on I-294 and close proximity to O'Hare International Airport make this property attractive to companies looking for a warehouse facility that provides easy access to rail, road or air transportation as well as the Chicago metro area.'

Franklin Park Distribution Center is conveniently located three miles from O'Hare International Airport's south cargo entrance with visibility on I-294. The building features 30' Clear, ESFR Sprinkler System, 48' x 46'8' Bay Size, 24 Docks and 2 Drive-in Doors.

Liberty Property Trust owns 51 buildings offering approximately 13 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 104 million square foot portfolio includes more than 691 properties which provide office, distribution and light manufacturing facilities to 1,600 tenants.

General Inquiries: Neal Driscoll, Liberty Property Trust, 847.264.2120

Media Contact: Jen Meyer, a.s.a.p.r., 201.914.9957

Liberty Property Trust issued this content on 22 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2016 21:09:41 UTC

Original Document: http://phx.corporate-ir.net/phoenix.zhtml?c=96097&p=irol-newsArticle&ID=2150293