Liberty Seizes Huge Industrial Portfolio

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Liberty Property Trust has decided to swim in the Atlanta waters, and they aren’t testing them out first. Liberty announced at the end of July that they are purchasing a massive collection of properties from Cabot Properties. Liberty will pay $1.4 billion and assume $230 million in mortgage debt in order to take control of Cabot Industrial Value Fund III. The 2.2 million square foot portfolio of industrial properties is Cabot’s second largest portfolio in the under this fund, second only to Cabot’s collection in Chicago.

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