Thursday, February 18, 2016

Liberty Sells Eight Office Properties in Delaware, Florida and Minnesota

Liberty Property Trust, has sold eight properties in Delaware, Florida, and Minnesota for $131.1 million, to date in 2016.

The properties consist of:

301-321 S. Goolsby Boulevard in Deerfield Beach, Florida, for $3.8 million. The 41,614 square foot multi-tenant industrial building was 100% leased at closing.

6000 Clearwater Drive in Minnetonka, Minnesota, for $9.2 million. The 91,761 square foot office building was vacant at closing.

220 Lake Drive in Newark, Delaware for $10.1 million. The 183,235 square foot multi-tenant industrial building was 86.6% leased at closing.

Five office properties and approximately four acres of land in Tampa, Florida for $108 million. The properties comprise the following:  8705 Henderson Road, 142,881 square feet; 8715 Henderson Road, 111,012 square feet; 8725 Henderson Road, 105,165 square feet; 8735 Henderson Road, 105,110 square feet; and 8745 Henderson Road, 68,203 square feet. Upon transaction closing, the properties, were 100% leased.

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