Liberty Property Trust Sells Four Office Properties Totaling Nearly 600,000 SF

Liberty Property Trust has closed on the sale of four office properties at Maitland Center in Orlando for $116.75 million. The disposition, totaling 588,678 square feet, comprise the following:

  • 1901 Summit Tower Boulevard, 120,268 square feet
  • 1950 Summit Park Drive, 128,240 square feet
  • 1958 Summit Park Drive, 128,934 square feet
  • and 2001 Summit Park Drive, 211,236 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.”

Upon closing, the properties sold were 96% leased.    ]]>

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