Liberty Property Trust (LPT) Announces $166.8M Sale of Orlando Office Properties - InvestingChannel

Liberty Property Trust (LPT) Announces $166.8M Sale of Orlando Office Properties

Liberty Property Trust (NYSE: LPT) announced that it has closed on the sale of four office properties at Maitland Center in Orlando for $116.75 million. The disposition totals 588,678 square feet.

“This transaction is consistent with Liberty’s strategy to move to an industrial platform in Orlando,” said Stephen Whitley, senior vice president and city manager for Liberty’s Orlando region. “We will continue to grow our industrial distribution portfolio, and have recently broken ground on two buildings totaling 370,000 square feet in Liberty Park at AIPO.”