Tuesday, April 26, 2016

Liberty Property Trust unloads 8 parcels

by Jacob Adelman, Inquirer Staff Writer
Liberty Property Trust has sold eight properties in Delaware, Florida and Minnesota for $131.1 million during the first three months of 2016, the company said in a financial report on its website Tuesday.

The six office buildings and two industrial properties account for around 849,000 square feet, the Malvern-based company said.

A joint venture in which Liberty holds a 25 percent interest also sold another seven Virginia office buildings for $146.6 million, it said.

The company plans to sell between $900 million and $1.2 billion worth of suburban properties outside of its core business areas this year, it said.

No comments:

Post a Comment

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