Liberty Property Trust Snags $1.48B Real Estate Portfolio

Law360, New York (October 9, 2013, 2:19 PM EDT) -- Real estate investment firm Liberty Property Trust has bought a $1.48 billion portfolio from Cabot Properties Inc. that comprises 23 million square feet of industrial properties located across the U.S. and in Europe, the firm announced Wednesday.

Liberty's purchase includes 177 properties in 24 locations, over half of which are concentrated in Liberty's existing U.S. and U.K. markets, the firm said. The deal expands Liberty's reach into 12 new locations, including Atlanta, Dallas and Cincinnati.

"This acquisition is a compelling opportunity to increase both the size...
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