LIBERTY PROPERTY TRUST SELLS OFFICE BUILDING PORTFOLIO

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BETHLEHEM, PA. — Liberty Property Trust has sold a portfolio of five office buildings located in Bethlehem. The portfolio totals 152,100 square feet and consists of 1655 and 1685 Valley Center Parkway and 3400, 3450, and 3500 High Point Boulevard. Set on 21 acres at the Schoenersville Road exit of Route 22, the Class A office buildings are located within a 175-acre master-planned development. The portfolio, which was 91 percent occupied at the time of the sale, was purchased for an undisclosed price by Bethlehem LVCC Associates. Michael Hines and Robert Fahey of CB Richard Ellis represented the seller.

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