Liberty Property Trust Signs a New Lease and Two Renewals in Charlotte

Company Leases 128,800 Square Feet at Crosspoint Center and Perimeter West

Charlotte, NC – July 10, 2019 – Liberty Property Trust finalized three leases in the Charlotte market in the last month.

Builders’ Wholesale Flooring, LLC signed a new agreement for an expansion of 24,000 square feet at 4045 Perimeter West Drive. The company now leases a total of 42,391 square feet of space with Liberty at the location.

In addition, Liberty executed two renewals:

  • Brooks Equipment Company, LLC, a long-term tenant, renewed 64,800 square feet at 2700 Hutchinson McDonald Road. Frank Larsen, Steve Lowe and Stewart Hasty of CBRE represented the tenant.
  • Flowserve, also a long-term tenant, renewed 40,000 square feet at 2801 Hutchinson McDonald Road.

“We are thrilled to extend our relationship with two existing customers at Crosspoint Center and expand our relationship with Builders’ Wholesale Flooring at Perimeter West,” said Bryan Blythe, vice president and market leader for Liberty in the Carolinas. “Our portfolio is uniquely positioned to meet the growing demands for quality companies seeking well located industrial space.”

Blythe represented the company in all of the above transactions.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) owns and manages more than 9.2 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 108 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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