Liberty Property Trust Announces Closing of $324 Million Permanent Financing for...

Liberty Property Trust Announces Closing of $324 Million Permanent Financing
for Comcast Center

MALVERN, Pa., March 31 /PRNewswire-FirstCall/ -- Liberty Property Trust
(NYSE: LRY) today announced that Liberty/Commerz 1701 JFK Boulevard, L.P. has
closed $324 million in permanent financing for Comcast Center, a 1.25 million
square foot office complex under construction in Philadelphia. The 10-year
loan was obtained from Citigroup Global Markets Realty Corp., at a rate of
6.15%.
Liberty/Commerz 1701 JFK Boulevard, L.P., is a joint venture of
CommerzLeasing und Immobilien AG and Liberty Property Trust.
About Comcast Center
Comcast Center a 58-story, 1.25 million square foot office tower under
construction in Philadelphia, PA. The LEED-registered project is 97% leased,
with Comcast Corporation occupying 1.1 million square feet. Anticipated grand
opening is May, 2008.
About Liberty Property Trust
Liberty Property Trust (NYSE: LRY) is a leader in commercial real estate,
serving customers in the United States and United Kingdom, through the
development, acquisition, ownership and management of superior office and
industrial properties. Liberty's 74 million square foot portfolio includes
more than 700 properties which provide office, distribution and light
manufacturing facilities to 2,100 tenants.
SOURCE Liberty Property Trust

Jeanne A. Leonard of Liberty Property Trust, +1-610-648-1704