LIBERTY PROPERTY TRUST BUYS INDUSTRIAL PARK FOR $60.75M

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CHARLOTTE, N.C. — Liberty Property Trust has acquired the 1.08 million-square-foot Crosspoint Center, a seven-building industrial park located at the intersection of Interstates 77 and 85, from TA Associates for $60.75 million. The complex is 90 percent leased to tenants such as Sygma, MEDIC, Lagasse, Flexalloy, Diagnostic Devices and Brooks Equipment.

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