CRE W Minnesota

Liberty Property Trust closes 14 leases in Minnesota during second quarter of year

Eden Prairie, Minn.-based Liberty Property Trust recently executed 14 leases during the second quarter of the year for a total of 262,946 square feet of space.

Eden Prairie, Minn.-based Liberty Property Trust recently executed 14 leases during the second quarter of the year for a total of 262,946 square feet of space.

“In spite of these uncertain economic times, we have been very pleased with the amount of interest in our portfolio from current tenants and prospects,” said Dave Jellison, senior vice president and city manager for Liberty’s Minnesota region. “The importance of well managed buildings to tenants cannot be underestimated, and the value of stable and well-capitalized landlords is a crucial consideration for prospects.”

Liberty's activity included two leases for flex space in the last few months. One lease was with Tornier for 56,000 square feet at 10801 Nesbitt Avenue South in Bloomington, Minn., while the other was with Bestmark, which leased 10,916 square feet at 5500 Feltl Road in Minnetonka, Minn.