Liberty Property Trust sells K of P offices to German firm for $26.8M
Liberty Property Trust has sold an office building at 151 S. Warner Rd. in King of Prussia to a German investment firm for $26.8 million.
The sale to the family-run firm closed in late October, Mike Margolis, who helped represent Liberty in the deal as a senior managing director with Newmark Grubb Knight Frank, said Friday. He declined to provide any other details about the buyer.
The building serves as corporate headquarters for the Judge Group, a tech-focused staffing firm that signed a long-term lease in September to occupy 89,000 square feet.
The property is the latest to be sold by Liberty, which has unloaded more than $2 billion in non-core real estate over the last three years to focus on urban office markets and industrial holdings.
Zoe Rosenberg, For The Inquirer
Jason Heppler, Made By History
The Associated Press, Associated Press
Josh Funk and Rio Yamat, Associated Press
Matt Schudel, Washington Post
























