PHILADELPHIA-Malvern, PA-based Liberty PropertyTrust, while still engaged in office development, hasspent considerable capital to become a player in the industrialmarket.

This year the developer of some of the more notable buildings inthe city of Philadelphia's skyline, has been selling some of itsoffice assets and in turn acquiring industrial warehouses in NewJersey and elsewhere.

Last month, Liberty Property Trust sold 6.6 million square feetof mostly office space, in Mount Laurel, Fort Washington, andelsewhere, to Greenfield Real Estate L.L.C. of Connecticut for $705million. Earlier this year, Liberty sold PNC's Delaware Countyoperations center to American Realty Capital Partners for $75million and sold a portfolio of offices in South Jersey, amongother suburban markets, to a group led by Somerset Properties for$146 million.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.