Property Near Airport to be Repositioned

PHOENIX-Liberty Property Trust will begin redevelopment and renovation of a newly acquired industrial building at 2626 7^th St. here in January 2013. The company has rebranded the property, which it purchased in September of this year, Liberty Sky Harbor Center, and expects to complete construction during the second quarter of the year.

“The redevelopment of Liberty Sky Harbor Center comes at a time when interest is high in well-located, efficient industrial space,” said John DiVall, SVP and city manager for Liberty’s Arizona region. “This is more than a facelift; it’s a repositioning of the property that will be attractive for potential tenants seeking a cross-dock warehouse building with expansive outside area in the Sky Harbor International Airport submarket, which is virtually non-existent today.”