PennCap Properties Acquires 32 Lehigh Valley Area Office Buildings from Liberty Property Trust

Bethlehem, PA, May 12, 2011 — PennCap Properties, a full service owner/operator of commercial real estate, has purchased approximately 1.4M SF of Class A office and flex space in the Lehigh Valley from Liberty Property Trust.

PennCap Properties is committed to maintaining the portfolio’s high level of service to its 126 corporate tenants in and around the Lehigh Valley area. In addition to leasing and managing this portfolio, PennCap Properties will also offer acquisition and development services to meet the long-term needs of existing and new clients.

PennCap Properties’ Lehigh Valley based leasing, management and development professionals are dedicated to building on the already unparalleled position of this portfolio in the market.

PennCap Properties is sponsored and managed by a New York based real estate investment trust with over $5 billion of commercial real estate assets under management. PennCap Properties’ office is located at 559 Main Street, Suite 300, Bethlehem, PA (610) 332-1100.

Tenant Services

For immediate service please call 610-332-1100 (daytime) or 484-894-4526 (after hours).