Friday, July 25, 2014
Inquirer Daily News

Liberty unloads Marlton offices in $195M suburban sales

Horizon, Atrium Way sites unloaded

Liberty unloads Marlton offices in $195M suburban sales

Philadelphia-based national landlord Liberty Property Trust moved further away from its history as a suburban office owner and manager with the sale of 49 mostly low-rise suburban office buildings in New Jersey, Wisconsin, North Carolina, and the Washington, DC area for $195 million. Liberty didn't identify the buyers.

The sale includes around 180,000 square feet at 3000 Atrium Way and 200 Crawford Way in Marlton's Horizon Corporate Center, and 120,000 sq ft at 401 A and C Route 73 South, in the nearby Marlton Executive Park.

Liberty has been bulking up on warehouses and on select urban properties as it sells suburban buildings.

The company's chief executive, William Hankowsky, is among the new owners of the Inquirer. He's also chairman-elect of Philadelphia's chamber of commerce.

Joseph N. DiStefano
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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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