In a strategic bid to shift its portfolio to the industrial property sector and away from suburban office, Liberty Property Trust (NYSE: LRY) announced it has agreed to buy the operating partnership of Cabot Industrial Value Fund III for $1.475 billion. The transaction, which is expected to close in October of of this year, will add approximately 23 million square feet and 177 properties to the Malvern, PA-based REIT's industrial holdings. Approximately...
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875?ref=/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875?ref=/News/Article/Liberty-Property-Strikes-Deal-To-Buy-23-Million-SF-Cabot-Industrial-Portfolio-for-$15-Billion/150875&src=rss
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