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FAIRFAX, VA-Malvern, PA-based Liberty Property Trust recently sold off an office park here for $31.5 million. This sale preceded a much larger portfolio trade last week that included Maryland office assets. These two transactions represent the REIT’s decision to concentrate on its core industrial holdings with only a narrow interest in certain office markets and properties.

The Fairfax property, the Pender Business Park, is located at 3922, 3924, 3926 and 3928 Pender Drive, and totals 171,000 square feet. It was the nationwide portfolio sale, however, that turned heads last week: that sale consisted 97 mostly office properties–23 of which are in Maryland–and 159 acres of land for about $705 million. It did not identify the buyer in the deal, which is expected to close in stages between the final months of 2013 and early 2014.

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