Liberty Property Trust Closes Sale Of 49 Properties For $367.7 Mln

(RTTNews) - Liberty Property Trust (LRY), Monday said it completed the sale of 49 properties totaling about four million square feet of space and 140 acres of land, for $367.7 million. This sale is in line with the already announced deal of 97 properties, while the remaining of the portfolio is scheduled for late January 2014 for proceeds of $329.6 million.

The initial closing comprises of 1.9 million square feet of office properties, 1.8 million square feet of flex properties and 274,000 square feet of industrial properties, and has Liberty's Jacksonville, Florida portfolio in its entirety, a portion of Liberty's Fort Washington, PA portfolio, and flex properties in Minnesota.