Liberty Property Trust Announces Sale of Washington D.C. Office Building for $61.75 Million

WAYNE, Pa., March 01, 2019 (GLOBE NEWSWIRE) -- Liberty Property Trust has sold 1100 17^th Street NW, a high-rise office building in Washington, D.C. for $61.75 million. The 146,979 square foot property was 65.7% leased at closing.

Cushman & Wakefield's Bill Collins and Shaun Weinberg represented Liberty in the transaction.

About the Company

Liberty Property Trust LPT 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 106.1 million square foot operating portfolio provides productive work environments to 1,200 tenants.

Inquiries: Jeanne Leonard, Liberty Property Trust, 610.648.1704