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Liberty Property Trust Breaks Ground at Caliber North Industrial Park

New project adjacent to Caliber Ridge Industrial Park in Greer, South Carolina

Charlotte, NC – November 2, 2016 – Liberty Property Trust has broken ground on Caliber North, an extension of the company’s highly successful Caliber Ridge industrial park in Greer, South Carolina.

Development has commenced on a 171,600 square foot, state-of-the-art warehouse that can accommodate distribution, light assembly, and manufacturing. It will feature 36’ clear heights and 7” concrete slab floor, the market’s first 36’ clear height development. Delivery is expected in April 2017. A second building totaling 94,500 square feet is planned for future development. Both have been designed to achieve LEEDÒ certification.

“With the successful leasing of all five buildings at Caliber Ridge, and the tremendous interest we’ve received in warehouse space offering greater clear heights, we believe the time is right for the development of Caliber North,” said Massie Flippin, vice president and city manager for Liberty’s Carolinas region.

Caliber North is located at I-85, just north of Highway 101, on Green Road. The new complex is near the BMW Manufacturing Plant and in close proximity to Greer’s new inland port. The new park is to the immediate north of Caliber Ridge.

The architect for the project is MCA Architecture; the civil engineer is blueWATER Civil Design, and the general contractor is Harper Corporation. Liberty’s Jaime Maldonado has been named project manager and Bryan Blythe, also at Liberty, is marketing the development for lease in partnership with the Cushman & Wakefield │ Thalhimer team of Brian Young, Elliott Fayssoux, and Kacie Jackson.

Liberty’s Carolinas region is a leading provider of quality multi-tenant warehouse assets along the I-85 corridor between Raleigh, NC and Greenville, SC. Across the Carolinas portfolio, Liberty owns approximately 8.2 million square feet of multi-tenant industrial space. In North Carolina, the company owns two million square feet in the Piedmont Triad, 1.7 million square feet in Raleigh and 2.9 million square feet in Charlotte. In addition, it owns 1.6 million square feet of space in Greenville, South Carolina.

About Liberty Property Trust

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 office and industrial properties. Liberty’s 96 million square foot portfolio includes 566 properties which provide office, distribution and light manufacturing facilities to 1,200 tenants.        

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