Liberty Property Trust Brings Crest Leather to Federal Ridge

Lease brings park occupancy to 100%

Charlotte, NC – August 19, 2019 – A long-term lease with Crest Leather, LLC brings Liberty Property Trust’s Federal Ridge Business Park in Greensboro to 100% occupancy.

“With access to I-40 and Highway 68, Federal Ridge is well situated for warehouse, distribution, manufacturing, and other related uses,” said Bryan Blythe, vice president and market leader for Liberty. “We are glad to welcome Crest Leather as our newest customer in the Piedmont Triad.”

The lease includes 24,074 square feet of space at 4328 Federal Drive. The 79,200 square foot property is a rear-load, multi-tenant building.  Federal Ridge Business Park offers a total 381,625 square feet of space across five buildings.

Ryan Conboy and Raffi Simel of Triad Commercial represented Liberty in the transaction. Ryan Gioffre and Jason Ofsanko, also of Triad Commercial, represented the tenant.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) owns and manages more than 9.1 million square feet of industrial space in the Carolinas, including Charlotte, Raleigh-Durham and the Piedmont Triad in North Carolina and in Greer and Greenville, South Carolina. The portfolio is currently 96% occupied.

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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 109 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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