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MLP Ventures Acquires 14 Property Portfolio in King of Prussia from Liberty Property Trust

$77 Million Disposition of 640,000 Square Feet of Suburban Office/Flex Space Part of REIT's Strategy to Focus Ownership on Bulk Warehouse/Distribution Sector
By Alicia K. Biggs
January 18, 2018 | 3:11 P.M.

Continuing to reposition its portfolio, Malvern, PA-based Liberty Property Trust sold a portfolio of 14 office and flex buildings in the Renaissance Park Corporate Center in King of Prussia to MLP Ventures for $76.9 million, approximately $120.08 per square foot.

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