Monday, June 3, 2013

Liberty sells Mt Laurel building at $40/sq ft

Liberty Property Trust, Radnor, has sold 8000 Commerce Parkway, a Mount Laurel that provides "flexible" space (office or warehouse), to the locally-based Monterey LLC property group. 

Monterey agreed to pay $2.167 million, or $40/sq ft for the 54,185 sq ft property. Given the weak market demand for all but the highest-end suburban commercial properties, Liberty has lately been selling suburban office and "flex" space and buying warehouses.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.