MALVERN, Pa., June 24, 2015 (GLOBE NEWSWIRE) -- Liberty Property Trust (NYSE:LPT) today announced that it has closed on the sale of its entire office and flex portfolio of 22 properties in the Hampton Roads region totaling 1.3 million square feet of space and 3.099 acres of land, for proceeds of $110.3 million. The portfolio was purchased by Lingerfelt CommonWealth Partners, and was 89.1% leased at closing.
The assets that were sold are the following:
Property Address | City | Type | SF |
1301 Executive Boulevard | Chesapeake | Office | 50,020 |
1305 Executive Boulevard | Chesapeake | Office | 49,865 |
1309 Executive Boulevard | Chesapeake | Office | 49,870 |
1313 Executive Boulevard | Chesapeake | Office | 49,870 |
1317 Executive Boulevard | Chesapeake | Office | 73,583 |
500 Independence Parkway | Chesapeake | Office | 51,000 |
501 Independence Parkway | Chesapeake | Office | 61,146 |
505 Independence Parkway | Chesapeake | Office | 63,568 |
510 Independence Parkway | Chesapeake | Office | 97,081 |
676 Independence Parkway | Chesapeake | Office | 73,345 |
700 Independence Parkway | Chesapeake | Office | 96,260 |
1 Enterprise Parkway | Hampton | Office | 63,029 |
21 Enterprise Parkway | Hampton | Office | 75,915 |
22 Enterprise Parkway | Hampton | Office | 72,444 |
5 Manhattan Square | Hampton | Office | 17,068 |
521 Butler Farm Road | Hampton | Office | 44,651 |
Lakefront Plaza II Land | Hampton | LAND | - |
200 Golden Oak Court | Virginia Beach | Office | 74,290 |
208 Golden Oak Court | Virginia Beach | Office | 63,825 |
1457 Miller Store Road | Virginia Beach | Flex | 65,192 |
629 Phoenix Drive | Virginia Beach | Flex | 24,549 |
2809 South Lynnhaven Road | Virginia Beach | Office | 62,924 |
484 Viking Drive | Virginia Beach | Office | 39,804 |
About Liberty Property Trust
Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 105 million square foot portfolio includes 750 properties which provide office, distribution and light manufacturing facilities to 1,900 tenants.