Office

Liberty Property Trust sells a five-property 806,000-square-foot portfolio in Phoenix for $255 million.

Since announcing its renovation plans for the 42-story, 1.2-million-square-foot office tower last year, Fisher Brothers has now secured approximately 230,000 square feet of new leases and renewals at the Plaza District tower.

The 350,000-square-foot multi-tenanted building is located on a 50-acre park-like setting within University Research Park. The seller of the property was a partnership between affiliates of Atlantic Creek Real Estate Partners, Origin Investments, and Stream Realty Partners.

Launched in the summer of 2016, Realla is a free-to-list search engine for commercial property. It displays the largest public index of available commercial real estate in the UK.

Another law firm, Fish & Richardson PC, is occupying 60,000 square feet in the building.

The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.