Liberty Property Trust’s Comcast Center Wins the Urban Land Institute Award of Excellence

Liberty Property Trust (NYSE:LRY), which owns and manages more than 77 million square feet of office and industrial properties in the United States and United Kingdom, today announced it has received the Urban Land Institute’s "Award of Excellence: The Americas” for Comcast Center, the tallest, sustainably designed building in the nation.

This is the second time the company has won a ULI Award of Excellence in five years, having received one for The Plaza at PPL Center (Allentown, PA) in 2004. The award is given to ten projects annually and the contest is recognized as one of the land use industry’s most prestigious recognition programs.

"Comcast Center was selected as one of just 10 awardees from more than 140 prestigious projects, and it is a true honor,” said John Gattuso, regional director and senior vice president, Liberty Property Trust. "What is unique about this award is that it takes into consideration nearly every aspect of the development process, which is why winning it is such an achievement. It recognizes the efforts of everyone who worked on this decade-long project - a very large and talented team.”

The competition is part of the Institute’s Awards for Excellence program, which is based on ULI’s guiding principle of recognizing best practices to promote better land use and development. The criteria for the awards include leadership, contribution to the community, innovations, public/private partnership, environmental protection and enhancement, response to societal needs, and financial viability. The projects are judged by a jury of renowned land use development and design experts.

Liberty’s development of Comcast Center has created a new gateway for commuters in the Philadelphia region. Since opening in 2008, it has quickly become a gathering space for Philadelphians who frequent the shops, restaurants, interactive Plaza fountains and a most unique video wall - all of which reinforce the criteria listed above. The abundant environmental innovations included in the design of Comcast Center earned it LEED Gold certification from the US Green Building Council.

Other 2009 ULI Awards of Excellence: The Americas winners include: California Academy of Sciences, San Francisco, CA (The California Academy of Sciences); The Cork Factory Loft Apartments, Pittsburgh, PA (McCaffery Interests, Inc.); Devries Place Senior Apartments, Milpitas, CA (Mid-Peninsula Housing Coalition); Heifer International World Headquarters, Little Rock, AR (Heifer International); Kansas City Power and Light District, Kansas City, MO (The Cordish Company); Kierland Commons, Scottsdale, Arizona (Woodbine Southwest Corporation); The RISE, Vancouver, British Columbia (Grosvenor Americas); UniverCity, Burnaby, British Columbia (SFU Community Trust); and West Chelsea/High Line Rezoning Plan, New York, NY (City of New York, Department of Planning).

The Urban Land Institute is a nonprofit education and research institute supported by more than 40,000 members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide.

Liberty Leads the Way in Sustainable Design

Liberty currently has 36 LEED projects completed or under construction nationwide, more than any other commercial developer in the U.S. The company has received numerous awards for its leadership, customer service and commitment to the development of high performance green buildings. It was awarded the U.S. Green Building Council’s 2006 National LEED Award for Corporate Leadership, the National Association of Industrial and Office Properties (NAIOP) 2007 Green Development Award, CoreNet Global's 2008 Sustainability Leadership Award for Design & Development and the National Association of Industrial and Office Properties (NAIOP) 2008 Developer of the Year Award.

About Liberty Property Trust

Liberty Property Trust (NYSE:LRY), headquartered in Malvern, PA, is dedicated to enhancing people’s lives through extraordinary work environments. The real estate investment trust (REIT) serves customers in the United States and United Kingdom through the development, acquisition, ownership and management of superior office and industrial properties. Liberty's 77 million square foot portfolio offers exceptional locations and flexible design to more than 2,100 tenants at approximately 750 office, distribution and light manufacturing facilities. For more information visit www.libertyproperty.com.