M&A Deal Summary

Liberty Property Trust Acquires Imperial Center - five Class A industrial buildings

On June 12, 2014, Liberty Property Trust acquired real estate company Imperial Center - five Class A industrial buildings for 44M USD

Acquisition Highlights
  • This is Liberty Property Trust’s 3rd transaction in the Real Estate sector.
  • This is Liberty Property Trust’s 2nd largest (disclosed) transaction.
  • This is Liberty Property Trust’s 3rd transaction in the United States.
  • This is Liberty Property Trust’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2014-06-12
Target Imperial Center - five Class A industrial buildings
Sector Real Estate
Buyer(s) Liberty Property Trust
Deal Type Add-on Acquisition
Deal Value 44M USD

Target

Imperial Center - five Class A industrial buildings

Durham, North Carolina, United States
Imperial Center is a five Class A industrial buildings with 705,365 square feet,the newly acquired buildings are located at 4226 Surles Court, 4234 Surles Court, 4227 Surles Court, 4300 Emperor Boulevard, and 1000 Parliament Court with immediate access to I-40 and I-540. The buildings are located within five miles of the Raleigh-Durham International Airport and are 100% occupied.

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Buyer(S) 1

Buyer

Liberty Property Trust

Wayne, Pennsylvania, United States
Category Company
Founded 1972
Sector Real Estate
Employees271
Revenue 705M USD (2018)
DESCRIPTION

Liberty Property Trust is a provider in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 100 million square foot portfolio includes 746 properties which provide office, distribution and light manufacturing facilities to 1,800 tenants. Liberty Property was founded in 1972 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 3 of 5
Sector (Real Estate) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (North Carolina) 1 of 1
Country (United States) 3 of 5
Year (2014) 2 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 LEED Warehouse - 522 772 Square Foot

Moreno Valley, California, United States

LEED Warehouse with 522,772 Square Foot,The building, which has been rebranded Liberty Logistics Center, is situated on a 25.96-acre site. Built in 2012, it is currently vacant and available for lease.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-29 43 acres of land

United States

43 acres of land,The two adjacent parcels are situated at 1101 Valley View Lane and 5328 Frye Road.

Buy -
Mergr

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