Liberty Property Trust (NYSE: LRY) announced its acquisition of the operating partnership of Cabot Industrial Value Fund III has been completed for $1.475 billion.

The purchase includes two industrial buildings in Tempe located at 1858 E. Encanto Drive and 475 W. Vaughn St. The acquisition adds 149,271 square feet of space to the portfolio. For a complete list of properties acquired, visit www.libertyproperty.com.

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