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MINNETONKA, MN-Liberty Property Trust has obtained four new leases and two renewals for an aggregate of 42,974 sf in buildings here and in Eden Prairie and Plymouth. The Plymouth Meeting, PA-based REIT owns and manages nearly four million sf of office, industrial and flex space in Minnesota, and a Liberty spokeswoman tells GlobeSt.com occupancy in the Minnesota portfolio is now 98%.

MultiSource Manufacturing LLC has inked a lease for 22,585 sf at the 50,287-foot flex building at 10300 Bren Rd. here. Meanwhile, Electrosonic Systems Inc. has renewed and expanded by 5,243 sf, bringing its total space to 27,702 feet. With these agreements, the building is 100% leased. Liberty’s Brad Butler negotiated on the owner’s behalf. The value of the transactions is undisclosed. According to the Liberty website, quoted rates for other flex properties owned by the REIT in Minnetonka range between $5 per sf and $10 per sf.

SML Retail Package Design Inc. has leased 9,500 sf at 10333 W. 70th St. in Liberty’s seven-building, 30-acre Shady Oak Business Center in Eden Prairie. Liberty’s published rental rates for the 23,547-sf flex building range from $4.50 per sf to $8.50 per sf. Liberty’s Josh Budish negotiated.

Carter’s Café Inc. renewed its 644-foot lease, and LRP Inc. signed a new deal for 2,593 feet in the five-story, class A, 167,172-sf office building at 10400 Viking Dr. at Southwest Crossing in Eden Prairie. Published rates range from $14 per sf to $15 per sf. Budish represented the owner.

Budish also negotiated a long-term lease for 2,409 sf with Retail Financial Services Inc. at 2800 Campus Dr. in Liberty’s Northwest Business Campus II, a three-building complex in Plymouth. Published rental rates for the 64,852-sf flex building are between $4.75 per sf and $9.50 per sf, and it is now 100% leased.

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