Liberty Fills Two Newly Completed Speculative Developments

Elk Grove, IL - January 20, 2016 - Liberty Property Trust announced today that it finished the second half of 2015 with lease deals totaling 1.5 million square feet, including significant agreements with six new tenants and two existing tenants. During this time, Liberty filled newly completed speculative developments at 10020 S Reinhart Drive in Oak Creek, WI and 333 Howard Avenue in Des Plaines, IL.

'We finished this year strong with the execution of several major leases late fall,' said Neal Driscoll, vice president and city manager, Liberty Property Trust. 'We had very good success with new development achieving substantial lease up in the three speculative buildings delivered in 2015. We will continue to pursue build-to-suits and look for new opportunities to buy land or redevelop underperforming sites throughout the metro in the coming year.'

Six of the new tenants Liberty added to its portfolio include:

Jacobsonsigned an agreement with Liberty for 352,338 square feet of space at 150 E. Crossroads Parkway, Bolingbrook, IL.

HD Smithnow occupies the 334,718 square foot building at 135 E. Elk Trail in Carol Stream, IL.

CH Robinsoncommitted to 235,781 square feet at 333 Howard Avenue in Des Plaines, IL, filling the newly completed speculative redevelopment.

Allstates Truckingsigned a lease for 120,550 square feet and SEKO signed on for 50,564 square feet at 10020 S Reinhart Drive in Oak Creek, WI, bringing the speculative development to full occupancy.

Pella Corporationsigned an agreement for 83,200 square feet at 524 Kingsland Drive in Batavia, IL.

Liberty signs two large renewals

Aurora Logisticsrenewed its lease with Liberty at 901 Bilter Road in Aurora for 291,552 square feet while Insightsigned on again for 151,999 at 1560 Hunter Road in Hanover Park, IL.

Liberty Property Trust owns 50 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 689 properties which provide office, distribution and light manufacturing facilities to 1,650 tenants.

Liberty Property Trust issued this content on 2016-01-20 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-20 16:58:09 UTC

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