Liberty's Philadelphia team breaks ground on two of three planned flex buildings at The Navy Yard Commerce Center.
Liberty begins construction of a 205,000 square foot office facility for GlaxoSmithKline at the Philadelphia Navy Yard. The state-of-the-art facility has been designed to achieve LEED® Platinum certification.
Liberty breaks ground on two industrial buildings totaling 212,000 square feet at Liberty Northwest Business Center in Houston.
Having reached near-total occupancy in our Lehigh Valley/Central PA industrial portfolio, Liberty begins development of a 1.2 million square foot distribution center in Bethlehem and a 972,000 square foot distribution center in Carlisle, PA.
The Philadelphia team breaks ground on a 56,000 square foot build-to-suit office building for Iroko Pharmaceuticals at the Philadelphia Navy Yard and a 153,000 square foot office building for Pennsylvania Medicine in center city Philadelphia.
Repositioning for growth
Portfolio Sale IIn May, Liberty sells 32 suburban office and high-finish flex properties totaling 1.4 million square feet in the Lehigh Valley. Liberty remains both the largest landlord and the only national commercial real estate company with a local presence in the Lehigh Valley.
Portfolio Sale IIAlso in May, Liberty sells 14 office and flex properties in Richmond totaling 919,000 square feet.
Portfolio Sale IIIIn July, Liberty sells four office properties totaling 338,000 square feet in Milwaukee.
Portfolio Sale IVIn April of 2012, Liberty sells 49 office and high-finish flex properties in Wisconsin, Maryland, Virginia, North Carolina and New Jersey.
Growing the industrial footprint
Liberty buys two distribution buildings totaling 1.2 million square feet in Elwood, Illinois for $60 million.
Liberty purchases a portfolio of 1.5 million square feet of industrial space in Charlotte, NC.
Growing the metro office footprint
Liberty acquires 1100 17th Street NW, a 146,000 square foot office building located in Washington, DC. The property offers a significant opportunity for future redevelopment.
Opportunity
Liberty acquires a 535,000 square foot distribution building in the Lehigh Valley. With the exception of one short-term lease, the property has been vacant since it was built five years ago. Within 30 days Liberty signs leases for the entire building.
One of the 12 industrial buildings Liberty purchased in Charlotte as an adjacent land parcel. Liberty lands a 156,000 square foot build-to-suit deal on that land and begins development.
The Minnesota team acquires three distribution buildings and three office buildings for $36 million. The properties are underleased and provide significant upside potential.
In one of the largest industrial land transactions in Miami-Dade County since before the recession, Liberty purchases 126 acres for the future development of 1.6 million square foot distribution park called Miami International Tradeport.
Honoring our founder, helping our communities. More than 400 employees participate in the 8th annual Bill Rouse Day of Caring.
High-Performance. For the second year in a row, the Global Real Estate Sustainability Benchmark ranks Liberty among the top three North and South America-based commercial real estate companies and funds for its environmental and social performance.
Liberty receives the "Leader in the Light" award from the National Association of Real Estate Investment Trusts for our commitment to superior and sustained energy use management.
Four Liberty warehouses earn energy star ratings – they use an average of 59% less energy than the typical distribution building.
Capital advantage
Liberty reduces borrowing cost with new $500 million unsecured line facility. New rate is LIBOR plus 107.5 basis points based on current ratings. Liberty's low cost of capital is a serious competitive advantage in the transaction markets.