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Liberty Property closes $969M assets, land sale

LibertyProperty Trust completed its $969 million of 108 properties and approximately26.7 acres of land to Workspace Property Trust and Safanad Ltd.

The portfolio was 88.1% leased at closing.

The sale brings Liberty's total dispositions to date for2016 to $1.2 billion.

J.P. Morgan Securities LLC was the financial adviser toLiberty for the transaction.