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.
www.omegare.com
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.
www.omegare.com
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