M&A Deal Summary

Liberty Property Trust Acquires Office Building - 146 472 square foot

On December 12, 2011, Liberty Property Trust acquired real estate company Office Building - 146 472 square foot for 50M USD

Acquisition Highlights
  • This is Liberty Property Trust’s 1st transaction in the Real Estate sector.
  • This is Liberty Property Trust’s largest (disclosed) transaction.
  • This is Liberty Property Trust’s 1st transaction in the United States.
  • This is Liberty Property Trust’s 1st transaction in District of Columbia.

M&A Deal Summary

Date 2011-12-12
Target Office Building - 146 472 square foot
Sector Real Estate
Buyer(s) Liberty Property Trust
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Office Building - 146 472 square foot

Washington, District of Columbia, United States
A 146,472 square foot Office Building is located in the heart of Washington's central business district, three blocks from the White House, and is in close proximity to multiple Metro stations. It is currently 82% leased.

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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 1 of 5
Sector (Real Estate) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (District of Columbia) 1 of 1
Country (United States) 1 of 5
Year (2011) 1 of 1
Size (of disclosed) 1 of 4
FOLLOWING 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