Liberty Property Trust Renews 62,750 Square Feet in the Piedmont Triad

9/25/17

Uniters North America, LLC and SimplexGrinnell LP Recommit

Liberty Property Trust today announced that it has renewed two leases in its Piedmont industrial portfolio, keeping its occupancy level at more than 95% across the region.

Uniters North America, LLC has renewed 38,750 square feet at the LEED® Silver certified 1150 Pleasant Ridge Road at Bull Ridge Business Park in Greensboro. The company has been a long-term tenant at the location.

SimplexGrinnell LP has renewed an agreement for 24,000 square feet of space at 4189 Eagle Hill Drive at Eagle Hill Business Park in High Point. Paul McDevitt of CBRE represented the tenant.

4485 Premier Drive at Lowell’s Run II to an unnamed tenant. A fit-out is being completed and it is anticipated that the tenant will move in this October. Neil Cornatzer and Rich Mossman of CBRE Triad represented Liberty and Dodson Schenck and E.B. Harris of CBRE represented the tenant.

“Vacancy continues to tighten in the Piedmont Triad,” said Bryan Blythe, vice president of leasing and development for Liberty. “It has dropped to approximately 8.9% overall, and our portfolio is even tighter at 95.3% occupied. We’re pleased to extend our relationship with Uniters North America and SimplexGrinnell and appreciate their confidence in us.”

Blythe represented Liberty in all three transactions.

About Liberty Property Trust

Liberty Property Trust (NYSE: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 office and industrial properties. Liberty's 99 million square foot portfolio includes 560 properties which provide office, distribution and light manufacturing facilities to 1,200 tenants.

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