Three Renewals Across the Market Bring Total Space Leased to 286,159 Square Feet

Liberty Property Trust has continued its momentum in the new year, announcing five leases totaling 286,159 square feet in the Charlotte market.

“Leasing activity in Charlotte was brisk in 2018, and it has not slowed down at the start of 2019,” said Bryan Blythe, vice president of leasing and development for Liberty. “Our portfolio is uniquely positioned to meet the growing demands for quality, well located industrial space.”

At Shopton Ridge Business Park in the airport submarket, the company has signed two new leases and a renewal all at 4835 Sirona Drive, including:

• Carolina Handling, LLC will move into 55,759 square feet of space in April. Michael Catanese of Park Commercial Real Estate represented the tenant.
• Breezer Holdings, LLC has leased 40,000 square feet of space and will occupy the building in March. Clifford Blanquicet of Blanq Real Estate represented the tenant.
• Nippon Express USA renewed its lease of 16,000 square feet of space. Frank Larsen of CB Richard Ellis represented the tenant.

Liberty’s Shopton Ridge portfolio is more than 94% occupied with only a 16,000 square foot space and a 45,360 square foot space available for lease.

At Charlotte Distribution Center South, Premier Transportation and Warehousing, Inc. has renewed its lease of 136,000 square feet of space at 8916 Pioneer Avenue. The tenant was represented by Brad Cherry of Jones Lang LaSalle.

At Crosspoint Center III in Charlotte, an unnamed tenant has renewed its lease of 38,400 square feet of space. Michael Jeppesen of IPG represented the tenant.

Blythe represented the company in all of the above transactions.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) owns and manages more than 9.1 million square feet of industrial space in the Carolinas, including Charlotte, Raleigh-Durham and the Piedmont Triad in North Carolina and in Greer and Greenville, South Carolina. The portfolio is currently 95% occupied.

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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 106.1 million square foot operating portfolio provides productive work environments for 1,200 tenants.