Liberty Property Trust (LRY), a leading real estate investment trust (REIT), has recently signed a long-term lease agreement for 24,000 square feet of space at Eagle Hill Business Park, a multi-tenant warehouse park in North Carolina. The deal was signed with Inmark Inc., a leading packaging and related services offering company.
With the lease, the property is currently 95% occupied. The leased site is strategically located in the heart of Piedmont Triad, with easy access to four major interstate highways. The property consists of four industrial buildings and showcases well-manicured landscapes and decorative sculpture.
Based in Pennsylvania, Liberty Property provides leasing, property management, development, construction management, design management and related services for a portfolio of industrial and office properties. The company focuses primarily on prime suburban properties in the Southeast, Mid-Atlantic and Midwest regions of the U.S. In addition, Liberty Property also owns certain assets in the U.K.
Liberty Property’s assets are designed to accommodate various types of tenants and space requirements. Liberty Property specifically focuses on metro-office, multi-tenant industrial and flex properties and markets that have strong demographic and economic fundamentals, ensuring a steady revenue stream for the company.
Furthermore, Liberty operates in multiple markets that enable it to mitigate geographical risk. In each of these markets, the company offers an appropriate mix of office and industrial properties. Currently, Liberty Property is also repositioning its portfolio as it intends to focus on higher growth markets characterized by better job and rent growth prospects.
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