Office Depot Renews its 385,344 Square Foot Lease in Carol Stream

Elk Grove, IL - July 28, 2016 - Liberty Property Trust announced today that it has signed leases with three new tenants in the Illinois/Wisconsin region, bringing its occupancy rate to 97%. The company has also inked a lease renewal with Office Depot for 385,344 square feet at 515 Kehoe Boulevard in Carol Stream.

Liberty signs agreements with three new tenants bringing two more of its properties to 100% leased:

  • AmLED Technologies, Inc. will occupy 38,649 square feet at 1035 North Hilltop Drive in Itasca.
  • PSC Industrial Outsourcing, LP signed a lease for 25,631 square feet at 1071 Thorndale Avenue in Bensenville, which is now fully occupied.
  • Stanley Black and Decker's agreement for 12,263 square feet at 901 South Route 53 in Addison brings the property to 100% leased.

Liberty Property Trust owns 51 buildings offering approximately 13 million square feet of space in the Chicago/Milwaukee corridor. Property is concentrated throughout the O'Hare submarket, I-55 Corridor, the Aurora/I-88 submarket and the Minooka/Elwood/I-80 Corridor, Central DuPage, as well as in Southeastern Wisconsin.

About Liberty Property Trust
Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 104 million square foot portfolio includes more than 684 properties which provide office, distribution and light manufacturing facilities to 1,600 tenants.

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General Inquiries: Neal Driscoll, Liberty Property Trust, 847.264.2120
Media Contact: Jen Meyer, a.s.a.p.r., 201.914.9957

Liberty Property Trust published this content on 28 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 July 2016 16:28:08 UTC.

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