Liberty Property Trust Selects Grubb & Ellis Company to Market 2-Million-Square-Foot Warehouse/Distribution Complex Facility

Liberty Property Trust (02/25/2010) - KING OF PRUSSIA, Pa. (Feb. 22, 2010) -- Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has been selected by Liberty Property Trust, a leading developer and investment trust, as the exclusive leasing agent of Liberty @ Shippensburg, a proposed two-building warehouse/distribution complex totaling more than 2 million square feet in Southampton Township.

Steve Bonge and Tim Brogan, both senior vice presidents, and Patrick McBride, vice president, all members of the company's Global Logistics practice group, will market the complex, to be constructed on Olde Scotland Road at I-84s Exit 24.

"The facility is located along one of the most commercially important north/south highways in the East Coast, the I-81 corridor," said McBride. "The areas accessibility to the Mid-Atlantic region and the fact that it is within a single days drive of 40 percent of the U.S. population makes Liberty @ Shippensburg one of the regions premier warehouse/distribution locations."

The property has been approved for two Class A warehouse/distribution facilities, one totaling 885,000 SF and the other totaling 1.2 million square feet. Both will be of concrete tilt-wall construction and will feature 32- to 36-foot clear ceiling height, cross-docked configuration with a minimum of 75 dock doors with additional knock-out panels available, drive-in ramps with 14- to 16-foot overhead doors, column spacing of 59.5 feet by 40 feet (75 feet at the staging area), an ESFR sprinkler system and parking for up to 592 cars and 809 trailers.

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