Renaissance Park, which is situated on 71 acres in the WestshoreBusiness District, was developed in the late 1990s to house thecustomer call service operations for Capital One Financial Corp. Itnow serves as the headquarters of WellCare Health Plans Inc. and is97% leased with tenants including WellCare, Capital One, CEMEX andWade Trim.

"The property is already built out and substantially leased sowe'll contain to keep it leased and fill vacancies as they arise,"Liberty senior vice president Bob Goldschmidt tellsGlobeSt.com.

With the acquisition, Liberty estimates that it ownsapproximately two-thirds of the office space in the airport area.Other properties that the company owns in the area include WoodlandCorporate Center, Liberty Pioneer Park, Silo Bend and Legacy Park."Renaissance Park is located about three miles away from ourflagship Woodland Corporate Center which offers 923,000 sf ofoffice and flex space and compliments our existing business parkportfolio," Goldschmidt says.