The 320,000-square-foot three-building urban industrial development is the first industrial component within Archway Properties' 111-acre mixed-use business park which includes retail, medical office, etc.

Liberty announced its first quarter financial results on April 30 and noted that subsequent to quarter-end it had sold three office properties totaling approximately 74,000 square feet and 18 acres of land in Malvern, PA for $10.2 million.

Typically the first quarter can be on the slower side with activity picking up in the second and third quarters, which is expected this year with expectations that several large deals have already or are about to be signed.

Multifamily is becoming increasingly expensive to build, straining budgets, so the Grayson is expected to benefit from limited competition in Spring, where demand outpaces supply at 1.91 units absorbed per delivery.