HOUSTON – Lee & Associates – Houston has been appointed to represent Liberty Property Trust for two industrial properties in the North and Northwest Houston markets.
“We look forward to building a strong, long-term relationship with Liberty Property Trust,” said Ryan Searle, director of Lee & Associates – Houston. “Liberty has a significant presence in the Houston market and a respected reputation throughout the brokerage community.”
Under the agreement, Lee & Associates will handle leasing for Liberty’s 120,000-square-foot Northgreen Business Park as well as the 75,000-square-foot Pinemont Service Center.
Liberty Property Trust, headquartered in Malvern, Pennsylvania, near Philadelphia, is a real estate investment trust with an operating portfolio totaling approximately 98.2 million square feet of industrial and office space across the United States and the United Kingdom. The portfolio is reported as roughly 96.1 percent occupied and comprises about 91.7 million square feet of industrial space and 6.6 million square feet of office space.
“The industrial real estate sector continues to offer strong growth opportunities, driven by rent increases and targeted development,” said Liberty’s chief executive officer, Bill Hankowsky, in a press release. “Our first-quarter results represent a solid start to the year: industrial leasing volumes remain robust, rents are rising, and development starts are proceeding according to plan.”
April 26, 2017 Realty News Report Copyright 2016