Liberty Property Trust Signs Four Leases in Charlotte

Development Project at 12830 Virkler Drive Continues on Schedule

Charlotte, NC – October 10, 2018 – Liberty Property Trust ended the summer with a new lease and three renewals totaling 117,600 square feet of space.

The new lease and two of the renewals are at Crosspoint Center. Motor City Fastener signed a new lease for 12,000 square feet at 2701-P Hutchison McDonald Road in Crosspoint Center and will move into the building this month. Justin Smith with Colliers International represented the tenant.

Ferguson Enterprises renewed its lease of 57,600 square feet at 3000 Crosspoint Center Lane. Steve Lowe, Stewart Hasty and Frank Larsen of CBRE represented the tenant.

Entrematic renewed its lease of 20,000 square feet at 2801 Hutchison McDonald Road. John Ruffin at Meridian Realty and Bryan Crutcher of CBRE represented the tenant.

At Shopton Ridge, AMT Datasouth Corp. renewed its lease of 28,000 square feet at 5033 Sirona Drive.

Bryan Blythe represented Liberty in all of the transactions.

Virkler Drive Development Update

Liberty broke ground last month on a 115,500 square foot Class A and LEED® certified distribution center at 12830 Virkler Drive in the southwest submarket of Charlotte.

“This building will help to fill a need for Class A,  LEED certified space in the Charlotte market,” said Blythe. “Interest has been high, and we remain on schedule for an early 2019 delivery.”

The property will feature 32-foot clear height and 210-foot depth. The rear-load building will include enhanced architecture, motion-sensor LED lighting and ample parking. Tenants will have easy access to I-485 and I-77. DMA Architecture, Burton Engineering, and Landmark Builders are all tied to the project.

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 94% occupied.

The company 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 industrial and office properties. Liberty's 103 million square foot portfolio provides productive work environments for 1,200 tenants.