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"Liberty has successfully executed on our strategy to reallocate capital from office to our growing industrial business," says Mike Hagan, Liberty's chief investment officer.
The New York City-based firm that specializes in corporate sale-leasebacks, built to suits and purchases of single-tenant net lease properties, reports today that it has made approximately $119 million in new acquisitions/investments.
JBG Investment Fund IX, L.L.C. reports it has entered a 50/50 co-development partnership with Berwyn, PA-based LCOR for the Eckington Yards project located in Northeast Washington, DC.
“The purchaser believes strongly in the central New Jersey market for multi-tenanted office space and this building's close proximity to the Garden State Parkway and major metro areas made it very attractive,” says Kislak's Barry Waisbrod.