Liberty Property Acquires Five Industrial Buildings In Durham For $44 Mln

(RTTNews) - Liberty Property Trust (LPT) announced that it has acquired five Class A industrial buildings in Durham, North Carolina, for $44 million.

Known as Imperial Center, the newly acquired buildings are located at 4226 Surles Court, 4234 Surles Court, 4227 Surles Court, 4300 Emperor Boulevard, and 1000 Parliament Court with immediate access to I-40 and I-540. The buildings are located within five miles of the Raleigh-Durham International Airport and are 100% occupied.

Upon transaction closing, Liberty said it will own seven million square feet of multi-tenant industrial space in the Carolinas. In North Carolina, the company owns 1.4 million square feet in Raleigh, 1.9 million square feet in the Piedmont Triad, and 2.6 million square feet in Charlotte. In addition, it owns 1.1 million square feet in the Greenville, South Carolina market.