Company leases nearly 500,000 square feet in the fourth quarter 2015

Charlotte, NC- January 25, 2016 - Liberty Property Trust today announced it has signed three new leases this month, totaling 192,600 square feet in Charlotte. The recent transactions trail the company's active fourth quarter, with lease totals of 469,500 square feet across the region in 2015.

§Pilot Freight Services has signed a new lease for 100,800 square feet at Charlotte Distribution Center South. Located at 8910 Pioneer Avenue, the company will move into its new location in Spring 2016. Frank Larsen of CBRE represented Pilot Freight Services and Bryan Blythe represented Liberty in the transaction.

§Mygrant Glass Company Inc.has renewed its lease for 38,400 square feet at Crosspoint Center III, located at 3000 Crosspoint Center Lane. Michael Jeppesen of IPG Commercial represented Mygrant Glass Company and Bryan Blythe represented Liberty in the transaction.

§Lansing Building Productshas signed a new lease to expand and relocate into 53,400 square feet at Crosspoint Center, located at 3005 Crosspoint Center Lane. Pete Pittroff represented Lansing Building Products and Bryan Blythe represented Liberty in the transaction.

'There has been an uptick in tenant demand over the past several months across our entire Carolinas portfolio, and that momentum continues as we enter 2016,' said Massie Flippin, vice president and city manager for Liberty's Carolinas region.

Fourth quarter 2015 was marked by eight new leases totaling 273,300 square feet. Liberty also executed three lease renewals totaling 196,200 square feet. The region's overall occupancy rate remains at 96.9%.

Fourth quarter 2015 transactions across the Carolinas region include:

Charlotte:

§Levantina USA Inc. signed a new lease for 34,020 square feet at 5032 Sirona Drive.

§American Furniture Rentalssigned a new lease for 34,020 square feet at 5032 Sirona Drive.

§ An additional new lease was signed for 34,020 square feet at 5032 Sirona Drive.

§AMT Datasouthrenewed its 28,000 square foot lease at 5033 Sirona Drive.

Piedmont Triad:

§Simpson Strong-Tie signed a new lease for 80,000 square feet at 4485 Premier Drive in High Point.

§SSB Manufacturing Company renewed its 75,800 square foot lease at 6530 Judge Adams Road in Whitsett.

§Honeywell Internationalsigned a new lease for 8,300 square feet at 4500Green Point Drive in Greensboro.

§Uniters North American signed a new lease for 12,000 square feet at 4524 Green Point Drive in Greensboro.

Raleigh/Durham:

§Cargo-Link, Inc.signed a new lease for 29,340 square feet at 1951 TW Alexander Drive in Durham.

Greenville, SC:

§Otto Bock Polyurethane Technologies, Inc. signed a new lease at 130 Caliber Ridge Drive in Greer, for 41,600 square feet.

§Jankel Tactical Systemssigned a lease for 92,400 square feet at 190 Parkway West in Duncan.

Across the Carolinas portfolio, Liberty owns more than 8.2 million square feet of industrial space completed or under construction. In North Carolina, the company owns two million square feet in the Piedmont Triad, 1.7 million square feet in Raleigh and 2.9 million square feet in Charlotte. In addition, it owns 1.6 million square feet of space in Greenville, South Carolina.

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 689 properties which provide office, distribution and light manufacturing facilities to 1,650 tenants.

General Inquiries: Massie Flippin, Liberty Property Trust, 704.426.8000

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

Liberty Property Trust issued this content on 25 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2016 21:02:26 UTC

Original Document: http://phx.corporate-ir.net/phoenix.zhtml?c=96097&p=irol-newsArticle&ID=2131976