Liberty Property Nets $330M For 48 Properties

Law360, New York (February 3, 2014, 5:44 PM EST) -- Liberty Property Trust said Friday it has sold 48 properties in Maryland, New Jersey and Pennsylvania totaling 2.6 million square feet and 19 acres of land for $329.6 million, in the second half of a massive unloading of properties by the real estate investment trust.

Friday's sale included 24 properties in New Jersey with a total of 1.4 million square feet, 23 in Maryland totaling 1.19 million square feet and one in Fort Washington, Pa., with 36,718 square feet. The buyers and the individual property purchase...
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