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SUNTRUST BANK AND
PNC BANK, NATIONAL ASSOCIATION,
AS DOCUMENTATION AGENTS
UBS SECURITIES LLC, THE BANK OF
NOVA SCOTIA, CAPITAL ONE BANK AND
U. S. BANK NATIONAL ASSOCIATION,
AS MANAGING AGENTS
J.P. MORGAN SECURITIES INC.,
AS JOINT BOOKRUNNERS and JOINT LEAD ARRANGERS
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§1. DEFINITIONS OF RULES OF INTERPRETATION | 1 | |||
§1.1. Definitions | 1 | |||
§1.2. Rules of Interpretation | 27 | |||
§1.3. Times of Day | 28 | |||
§1.4. Letter of Credit Amounts | 28 | |||
§1.5. Rounding | 28 | |||
§2. REVOLVING CREDIT FACILITY | 28 | |||
§2.1. Loans — Commitment to Lend Revolving Loans; Limitation on Commitments | 28 | |||
§2.2. Changes in Total Commitment | 29 | |||
§2.3. The Notes | 31 | |||
§2.4. Interest on Loans | 31 | |||
§2.5. Requests for Loans | 31 | |||
§2.6. Conversion and Continuation Options | 32 | |||
§2.7. Funds for Loans | 33 | |||
§2.8. Swingline Loans | 34 | |||
§2.9. Letters of Credit | 37 | |||
§2.10. Competitive Bid Loans | 47 | |||
§2.11. Cash Collateral | 51 | |||
§2.12. Defaulting Lenders | 52 | |||
§3. REPAYMENT OF THE LOANS | 54 | |||
§3.1. Maturity | 54 | |||
§3.2. Mandatory Repayments of Loan | 54 | |||
§3.3. Optional Repayments of Loans | 54 | |||
§4. CERTAIN GENERAL PROVISIONS | 55 | |||
§4.1. Closing Fees | 55 | |||
§4.2. Other Fees | 55 | |||
§4.3. Funds for Payments; Computations; Payments Set Aside | 56 | |||
§4.4. Taxes | 57 | |||
§4.5. Additional Costs, Etc. | 61 |
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§4.6. Capital Adequacy | 62 | |||
§4.7. Certificate | 63 | |||
§4.8. Indemnity | 63 | |||
§4.9. Default Interest and Late Charges | 63 | |||
§4.10. Inability to Determine Eurocurrency Rate | 63 | |||
§4.11. Illegality | 64 | |||
§4.12. Mitigation Obligations; Replacement of Lenders | 64 | |||
§4.13. Sharing of Payments by Lenders | 65 | |||
§5. UNENCUMBERED PROPERTIES; NO LIMITATION ON RECOURSE | 66 | |||
§5.1. Unencumbered Properties | 66 | |||
§5.2. Waivers by Requisite Lenders | 66 | |||
§5.3. Rejection of Unencumbered Properties | 66 | |||
§5.4. Change in Circumstances | 66 | |||
§5.5. No Limitation on Recourse | 67 | |||
§5.6. Additional Guarantors | 67 | |||
§6. REPRESENTATIONS AND WARRANTIES | 67 | |||
§6.1. Authority; Etc. | 67 | |||
§6.2. Governmental Approvals and Consents | 68 | |||
§6.3. Title to Properties | 69 | |||
§6.4. Financial Statements | 69 | |||
§6.5. No Material Changes, Etc. | 70 | |||
§6.6. Franchises, Patents, Copyrights, Etc. | 70 | |||
§6.7. Litigation | 70 | |||
§6.8. No Materially Adverse Contracts, Etc. | 70 | |||
§6.9. Compliance With Other Instruments, Laws, Etc. | 70 | |||
§6.10. Tax Status | 71 | |||
§6.11. Event of Default | 71 | |||
§6.12. Investment Company Act | 71 | |||
§6.13. Absence of Financing Statements, Etc. | 71 | |||
§6.14. Status of the Company | 71 |
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§6.15. Certain Transactions | 71 | |||
§6.16. Benefit Plans; Multiemployer Plans; Guaranteed Pension Plans | 72 | |||
§6.17. Regulations U and X | 72 | |||
§6.18. Environmental Compliance | 72 | |||
§6.19. Subsidiaries and Affiliates | 74 | |||
§6.20. Loan Documents | 74 | |||
§6.21. Buildings on the Unencumbered Properties | 74 | |||
§6.22. Insurance | 74 | |||
§6.23. Disclosure | 74 | |||
§6.24. Solvency | 75 | |||
§7. AFFIRMATIVE COVENANTS OF THE BORROWER | 75 | |||
§7.1. Punctual Payment | 75 | |||
§7.2. Maintenance of Office | 75 | |||
§7.3. Records and Accounts | 75 | |||
§7.4. Financial Statements, Certificates and Information | 75 | |||
§7.5. Notices | 77 | |||
§7.6. Existence; Maintenance of REIT Status; Maintenance of Properties | 80 | |||
§7.7. Insurance | 80 | |||
§7.8. Taxes | 80 | |||
§7.9. Inspection of Properties and Books | 80 | |||
§7.10. Compliance with Laws, Contracts, Licenses, and Permits | 81 | |||
§7.11. Use of Proceeds | 81 | |||
§7.12. INTENTIONALLY OMITTED | 81 | |||
§7.13. Notices of Significant Transactions | 81 | |||
§7.14. Further Assurances | 82 | |||
§7.15. Environmental Indemnification | 82 | |||
§7.16. Response Actions | 82 | |||
§7.17. Employee Benefit Plans | 82 |
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§8. CERTAIN NEGATIVE COVENANTS OF THE BORROWER | 83 | |||
§8.1. Restrictions on Recourse Indebtedness | 83 | |||
§8.2. Restrictions on Investments | 84 | |||
§8.3. Merger, Consolidation and Other Fundamental Changes | 85 | |||
§8.4. Sale and Leaseback | 85 | |||
§8.5. Compliance with Environmental Laws | 86 | |||
§8.6. Distributions | 86 | |||
§8.7. Equity Repurchase Payments | 86 | |||
§8.8. Preferred Distributions | 86 | |||
§8.9. Liens | 86 | |||
§8.10. Negative Pledge | 87 | |||
§8.11. Transactions with Affiliates | 87 | |||
§8.12. Change in Nature of Business | 87 | |||
§8.13. Dispositions | 87 | |||
§9. FINANCIAL COVENANTS OF THE BORROWER | 88 | |||
§9.1. Unsecured Debt to Value of All Unencumbered Properties | 88 | |||
§9.2. Total Debt to Total Asset Value | 88 | |||
§9.3. Maximum Secured Debt | 88 | |||
§9.4. Minimum Tangible Net Worth | 88 | |||
§9.5. Unencumbered Interest Coverage Ratio | 88 | |||
§9.6. Adjusted EBITDA to Fixed Charges | 88 | |||
§9.7. Unencumbered Debt Yield | 88 | |||
§9.8. Pro Forma Calculations | 88 | |||
§9.9. Covenant Calculations | 89 | |||
§10. CONDITIONS TO EFFECTIVENESS | 89 | |||
§10.1. Loan Documents | 89 | |||
§10.2. Certified Copies of Organization Documents; Good Standing Certificates | 89 | |||
§10.3. By-laws; Resolutions | 90 | |||
§10.4. Incumbency Certificate; Authorized Signers | 90 | |||
§10.5. Opinions of Counsel Concerning Organization and Loan Documents | 90 | |||
§10.6. Payment of Fees | 90 | |||
§10.7. Closing Certificate | 90 | |||
§10.8. Compliance Certificate | 90 |
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§11. CONDITIONS TO ALL CREDIT ADVANCES | 91 | |||
§11.1. Representations True; No Event of Default; Compliance Certificate | 91 | |||
§11.2. No Legal Impediment | 91 | |||
§11.3. Governmental Regulation | 91 | |||
§11.4. Proceedings and Documents | 91 | |||
§12. EVENTS OF DEFAULT; ACCELERATION; ETC. | 92 | |||
§12.1. Events of Default | 92 | |||
§12.2. Remedies | 95 | |||
§12.3. Remedies Cumulative | 95 | |||
§12.4. Distribution of Enforcement Proceeds | 95 | |||
§13. SETOFF | 96 | |||
§14. THE AGENT | 97 | |||
§14.1. Appointment and Authority | 97 | |||
§14.2. Rights as a Lender | 97 | |||
§14.3. Exculpatory Provisions | 98 | |||
§14.4. Reliance by Agent | 99 | |||
§14.5. Delegation of Duties | 99 | |||
§14.6. Resignation of Agent | 99 | |||
§14.7. Non-Reliance on Agent and Other Lenders | 100 | |||
§14.8. No Other Duties, Etc. | 100 | |||
§14.9. Agent May File Proofs of Claim | 101 | |||
§14.10. Guaranty Matters | 101 | |||
§14.11. Payments by Agent | 102 | |||
§15. EXPENSES; INDEMNITY; DAMAGE WAIVER | 102 | |||
§16. TREATMENT OF CERTAIN INFORMATION; CONFIDENTIALITY | 104 | |||
§17. SURVIVAL OF REPRESENTATIONS AND WARRANTIES | 105 | |||
§18. SUCCESSORS AND ASSIGNS | 105 | |||
§19. NOTICES, ETC. | 111 | |||
§20. GOVERNING LAW; CONSENT TO JURISDICTION AND SERVICE | 113 |
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§21. HEADINGS | 114 | |||
§22. COUNTERPARTS | 115 | |||
§23. ENTIRE AGREEMENT | 115 | |||
§24. WAIVER OF JURY TRIAL | 115 | |||
§25. CONSENTS, AMENDMENTS, WAIVERS, ETC. | 115 | |||
§26. SEVERABILITY | 117 | |||
§27. ACKNOWLEDGMENTS | 117 | |||
§28. NO WAIVER; CUMULATIVE REMEDIES | 118 | |||
§29. INTEREST RATE LIMITATION | 118 | |||
§30. USA PATRIOT ACT NOTICE | 119 | |||
§31. REPLACEMENT OF LENDERS | 119 | |||
§32. TRANSITIONAL ARRANGEMENTS | 120 |
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Exhibit A | Form of Note | |
Exhibit B | Form of Loan Request | |
Exhibit C | Form of Compliance Certificate | |
Exhibit D | Form of Swingline Loan Request | |
Exhibit E | Form of Assignment and Assumption | |
Exhibit F | Form of Letter of Credit Application | |
Exhibit G | [Reserved] | |
Exhibit H | Form of Competitive Bid Quote Request | |
Exhibit I | Form of Invitation for Competitive Bid Quotes | |
Exhibit J | Form of Competitive Bid Quote | |
Exhibit K | Form of Acceptance of Competitive Bid Quote | |
Exhibit L | Form of Joinder Agreement | |
Exhibit M | Form of Guaranty Agreement | |
Exhibit N | Form of Designated Bank Note | |
Exhibit O | Form of Designation Agreement | |
Exhibit P | Form of Administrative Questionnaire | |
Schedule 1 | Lenders; Domestic and Eurocurrency Lending Offices | |
Schedule 1.1(a) | Unencumbered Properties | |
Schedule 1.1(b) | Eligible Ground Leases | |
Schedule 1.2 | Commitments and Commitment Percentages | |
Schedule 1.3 | Related Companies, Guarantors and Unconsolidated Entities | |
Schedule 1.4 | Existing Letter of Credit | |
Schedule 6.3 | Title to Properties | |
Schedule 6.7 | Litigation | |
Schedule 6.15 | Insider Transactions | |
Schedule 6.16 | Employee Benefit Plans | |
Schedule 6.18 | Environmental Matters | |
Schedule 6.19 | Company Assets | |
Schedule 6.21 | Building Structural Defects, etc. | |
Schedule 6.22 | Insurance | |
Schedule 8.2(d) | Investments |
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Facility Fee | ||||||||
S&P Rating | Moody’s Rating | Fitch Rating | Rate | |||||
Below BBB- or unrated | Below Baa3 or unrated | Below BBB- or unrated | 0.70 | % | ||||
BBB- | Baa3 | BBB- | 0.575 | % | ||||
BBB | Baa2 | BBB | 0.45 | % | ||||
BBB+ | Baa1 | BBB+ | 0.40 | % | ||||
A- or higher | A3 or higher | A- or higher | 0.35 | % |
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Moody’s | Eurocurrency | Base Rate | ||||||||||
S&P Rating | Rating | Fitch Rating | Rate Margin | Margin | ||||||||
Below BBB- or unrated | Below Baa3 or unrated | Below BBB- or unrated | 3.05 | % | 2.05 | % | ||||||
BBB- | Baa3 | BBB- | 2.675 | % | 1.675 | % | ||||||
BBB | Baa2 | BBB | 2.30 | % | 1.30 | % | ||||||
BBB+ | Baa1 | BBB+ | 2.10 | % | 1.10 | % | ||||||
A- or higher | A3 or higher | A- or higher | 1.90 | % | 0.90 | % |
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Category of Investment | Maximum Percentage of Total Asset Value | |||
Permitted Developments | 25 | % | ||
Unconsolidated Entities | 15 | % | ||
Undeveloped Land | 10 | % | ||
Mortgages and Notes Receivable | 7.5 | % |
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LIBERTY PROPERTY LIMITED PARTNERSHIP | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | /s/ George J. Alburger, Jr. | |||||
Title: Chief Financial Officer |
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LIBERTY PROPERTY TRUST | ||||||
By: | /s/ George J. Alburger, Jr. | |||||
Title: Executive Vice President and Chief Financial Officer |
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BANK OF AMERICA, N.A., as a Lender and as L/C Issuer, Swingline Lender, and Administrative Agent | ||||||
By: | /s/ Eyal Namordi | |||||
Title: Senior Vice President |
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JPMORGAN CHASE BANK, N.A., as a Lender and as Syndication Agent | ||||||
By: | /s/ Mohammad S. Hasan | |||||
Title: Associate |
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WELLS FARGO BANK, N.A., as a Lender and as Documentation Agent | ||||||
By: | /s/ Jayson M. Tonkon | |||||
Title: Vice President |
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CITIZENS BANK OF PENNSYLVANIA, as a Lender and as Documentation Agent | ||||||
By: | /s/ Kellie Anderson | |||||
Title: Senior Vice President |
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SUNTRUST BANK, as a Lender and as Documentation Agent | ||||||
By: | /s/ Gregory T. Horstman | |||||
Title: Senior Vice President |
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PNC BANK, NATIONAL ASSOCIATION, as a Lender and as Documentation Agent | ||||||
By: | /s/ Shari L. Reams-Henofer | |||||
Title: Senior Vice President |
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CITIBANK N.A., as a Lender and as Managing Agent | ||||||
By: | /s/ John Rowland | |||||
Title: Director |
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UBS LOAN FINANCE LLC, as a Lender | ||||||
By: | /s/ Irja R. Otsa | |||||
Title: Associate Director | ||||||
By: | /s/ Mary E. Evans | |||||
Title: Associate Director |
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UBS SECURITIES LLC, as Managing Agent | ||||||
By: | /s/ Irja R. Otsa | |||||
Title: Associate Director | ||||||
By: | /s/ April Varner-Nanton | |||||
Title: Director |
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THE BANK OF NOVA SCOTIA, as a Lender and as Managing Agent | ||||||
By: | /s/ Jon Burckin | |||||
Title: Managing Director |
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CAPITAL ONE, N.A., as a Lender and as Managing Agent | ||||||
By: | /s/ William G. Booth | |||||
Title: Senior Vice President |
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U.S. BANK NATIONAL ASSOCIATION, as a Lender and as Managing Agent | ||||
By: | /s/ Renee Lewis | |||
Name: | Renee Lewis | |||
Title: | Senior Vice President |
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THE BANK OF TOKYO - MITSUBISHI UFJ, LTD. | ||||
By: | /s/ James T. Taylor | |||
Name: | James T. Taylor | |||
Title: | Vice President |
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EMIGRANT REALTY FINANCE, LLC | ||||
By: | /s/ Russell T. Wyman | |||
Name: | Russell T. Wyman | |||
Title: | Managing Director |
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PEOPLE’S UNITED BANK | ||||
By: | /s/ Maurice Fry | |||
Name: | Maurice Fry | |||
Title: | Senior Commercial Loan Officer, SVP |
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CHANG HWA COMMERCIAL BANK, LTD., NEW YORK BRANCH | ||||
By: | /s/ Dawn Cheng | |||
Name: | Dawn Cheng | |||
Title: | AVP & AGM |
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LENDERS; DOMESTIC AND EUROCURRENCY LENDING OFFICES
EUROCURRENCY LENDING | ||||
LENDERS | DOMESTIC LENDING OFFICE | OFFICE | ||
Bank of America, N.A. | 901 Main Street, 14th Floor Dallas, Texas 75202-3714 Attention: Nora Taylor Fax: (214) 290-9673 | 901 Main Street, 14th Floor Dallas, Texas 75202-3714 Attention: Nora Taylor Fax: (214) 290-9673 | ||
JPMorgan Chase Bank, N.A. | JPMorgan Chase JPM-Delaware Loan Operations 500 Stanton Christiana Road, Ops 2/3 Fax: (201) 244-3885 | JPMorgan Chase JPM-Delaware Loan Operations 500 Stanton Christiana Road, Ops 2/3 Fax: (201) 244-3885 | ||
Wells Fargo Bank, N.A. | Wells Fargo Bank, N.A. Real Estate Group Two Logan Square 100-120 N. 18th St., Suite 1910 Philadelphia, PA 19103 Fax: (215) 561-3812 | Wells Fargo Bank, N.A. Real Estate Group Two Logan Square 100-120 N. 18th St., Suite 1910 Philadelphia, PA 19103 Fax: (215) 561-3812 | ||
Citizens Bank of Pennsylvania | 1701 John F. Kennedy Philadelphia, PA 19103 Fax: (215) 751-1542 | 1701 John F. Kennedy Philadelphia, PA 19103 Fax: (215) 751-1542 | ||
SunTrust Bank | SunTrust Bank 8330 Boone Blvd., 8th Floor Vienna, VA 22182 Fax: (703) 442-1570 | N/A |
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EUROCURRENCY LENDING | ||||
LENDERS | DOMESTIC LENDING OFFICE | OFFICE | ||
PNC Bank, National Association | PNC Bank, National Association 500 First Avenue, Pittsburgh, PA 15219 Fax: (215) 585-5352 | |||
Citibank N.A. | Citibank N.A. 1615 Brett Road, Building III New Castle, DE 19720 Fax: (646) 688-2052 | |||
UBS Loan Finance LLC | UBS Loan Finance LLC 677 Washington Boulevard Stamford, CT 06901 Attn: Jenny E. Milioti Fax: (203) 719-3888 | UBS Loan Finance LLC 677 Washington Boulevard Stamford, CT 06901 Attn: Jenny E. Milioti Fax: (203) 719-3888 | ||
The Bank of Nova Scotia | Bank of Nova Scotia 44 King Street West Toronto, Ontario M5H 1H1 Fax: (212) 225-5709 | |||
Capital One, N.A. | Capital One, N.A. CRE 499 Thornall Street, 11th Fl. Edison, NJ 08837 Fax: (732) 635-0994 | N/A |
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EUROCURRENCY LENDING | ||||
LENDERS | DOMESTIC LENDING OFFICE | OFFICE | ||
U.S. Bank National Association | U.S. Bank National Association 209 South LaSalle St., Suite 210 Chicago, IL 60604 Fax: (312) 325-8852 | |||
The Bank of Tokyo - Mitsubishi UFJ, Ltd. | The Bank of Tokyo - Mitsubishi UFJ, Ltd. 1251 Avenue of the Americas New York, NY 10020 Fax: (212) 782-6442 | The Bank of Tokyo - Mitsubishi UFJ, Ltd. 1251 Avenue of the Americas New York, NY 10020 Fax: (212) 782-6442 | ||
Emigrant Realty Finance, LLC | Emigrant Realty Finance, LLC 6 East 43rd Street, 22nd Floor New York, NY 10017 | Emigrant Realty Finance, LLC 6 East 43rd Street, 22nd Floor New York, NY 10017 | ||
Fax: (212) 850-3435 | Fax: (212) 850-3435 | |||
People’s United Bank | People’s Bank 850 Main Street Stamford, CT 06604 Fax: (203) 338-7800 | People’s Bank 850 Main Street Stamford, CT 06604 Fax: (203) 338-7800 | ||
Chang Hwa Commercial Bank, Ltd., New York Branch | Chang Hwa Commercial Bank, Ltd. 685 Third Avenue, 29th Floor New York, NY 10017 Fax: (212) 651-9785 | Chang Hwa Commercial Bank, Ltd. 685 Third Avenue, 29th Floor New York, NY 10017 Fax: (212) 651-9785 |
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Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
4523 Green Point Drive | Greensboro, NC | 85,830 | 35,350 | LPLP | ||||||||
4501 Green Point Drive | Greensboro, NC | 90,049 | 90,049 | LPLP | ||||||||
4500 Green Point Drive | Greensboro, NC | 71,040 | 64,200 | LPLP | ||||||||
6560 Stonegate Drive | Allentown, PA | 80,000 | 80,000 | LPLP | ||||||||
6370 Hedgewood Drive | Allentown, PA | 110,000 | 110,000 | LPLP | ||||||||
6390 Hedgewood Drive | Allentown, PA | 69,000 | 16,500 | LPLP | ||||||||
1495 Valley Center Parkway | Bethlehem, PA | 43,770 | 42,670 | LPLP | ||||||||
2427 Penny Road | High Point, NC | 220,000 | 220,000 | LPLP | ||||||||
10, 20 Liberty Boulevard | Malvern, PA | 62,386 | 60,372 | LPLP | ||||||||
8775 Baypine Road | Jacksonville, FL | 47,454 | 47,454 | LPLP | ||||||||
420 Lapp Road | Malvern, PA | 91,312 | 78,712 | LPLP | ||||||||
6330 Hedgewood Drive | Allentown, PA | 89,700 | 89,700 | LPLP | ||||||||
1550 Valley Center Parkway | Bethlehem, PA | 43,400 | 43,400 | LPLP | ||||||||
1560 Valley Center Parkway | Bethlehem, PA | 51,400 | 37,331 | LPLP | ||||||||
14 Lee Boulevard | Malvern, PA | 89,026 | 89,026 | LPLP | ||||||||
500 Chesterfield Parkway | Malvern, PA | 30,815 | 30,815 | LPLP | ||||||||
300-400 Chesterfield Parkway | Malvern, PA | 49,526 | 26,724 | LPLP | ||||||||
6580 Snowdrift Road | Allentown, PA | 104,000 | 56,000 | LPLP | ||||||||
1510 Valley Center Parkway | Bethlehem, PA | 48,208 | 44,208 | LPLP | ||||||||
1530 Valley Center Parkway | Bethlehem, PA | 46,400 | 46,400 | LPLP | ||||||||
180 Admiral Cochrane Drive | Annapolis, MD | 125,798 | 117,593 | LPLP | ||||||||
747 Dresher Road | Horsham, PA | 53,200 | 33,572 | LPLP | ||||||||
6540 Stonegate Drive | Allentown, PA | 120,000 | 120,000 | LPLP | ||||||||
4524 Green Point Drive | Greensboro, NC | 74,587 | 61,022 | LPLP | ||||||||
45-67 Great Valley Parkway | Malvern, PA | 128,011 | 128,011 | LPLP | ||||||||
8665, 8667, 8669 Baypine Road | Jacksonville, FL | 63,118 | 45,198 | LPLP | ||||||||
974 Marcon Boulevard | Allentown, PA | 39,200 | 39,200 | LPLP | ||||||||
40 Valley Stream Parkway | Malvern, PA | 31,092 | 31,092 | LPLP | ||||||||
50 Valley Stream Parkway | Malvern, PA | 31,000 | 31,000 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
20 Valley Stream Parkway | Malvern, PA | 58,837 | 54,756 | LPLP | ||||||||
190 Admiral Cochrane Drive | Annapolis, MD | 72,101 | 67,247 | LPLP | ||||||||
9, 15-25 Great Valley Parkway | Malvern, PA | 158,900 | 158,900 | LPLP | ||||||||
257-275 Great Valley Parkway | Malvern, PA | 71,122 | 46,387 | LPLP | ||||||||
300 Technology Drive | Malvern, PA | 22,500 | 22,500 | LPLP | ||||||||
277-293 Great Valley Parkway | Malvern, PA | 28,800 | 28,800 | LPLP | ||||||||
311 Technology Drive | Malvern, PA | 29,350 | 29,350 | LPLP | ||||||||
7 Great Valley Parkway | Malvern, PA | 58,594 | 25,212 | LPLP | ||||||||
55 Valley Stream Parkway | Malvern, PA | 40,057 | 40,057 | LPLP | ||||||||
65 Valley Stream Parkway | Malvern, PA | 61,313 | 61,313 | LPLP | ||||||||
508 Lapp Road | Malvern, PA | 50,200 | 50,200 | LPLP | ||||||||
10 Valley Stream Parkway | Malvern, PA | 33,027 | 33,027 | LPLP | ||||||||
9101,9111,9115 Guilford Road | Columbia, MD | 53,054 | 53,054 | LPLP | ||||||||
333 Phoenixville Pike | Malvern, PA | 84,000 | 84,000 | LPLP | ||||||||
964 Marcon Boulevard | Allentown, PA | 39,200 | 34,200 | LPLP | ||||||||
764 Roble Road | Allentown, PA | 21,860 | 21,860 | LPLP | ||||||||
30 Great Valley Parkway | Malvern, PA | 12,000 | 12,000 | LPLP | ||||||||
27-43 Great Valley Parkway | Malvern, PA | 60,623 | 60,623 | LPLP | ||||||||
77-123 Great Valley Parkway | Malvern, PA | 103,099 | 103,099 | LPLP | ||||||||
3174 Airport Road | Allentown, PA | 42,000 | 42,000 | LPLP | ||||||||
2196 Avenue C | Allentown, PA | 31,140 | 31,140 | LPLP | ||||||||
2201 Hangar Place | Allentown, PA | 52,300 | 47,234 | LPLP | ||||||||
175-205 Great Valley Parkway | Malvern, PA | 190,597 | 119,619 | LPLP | ||||||||
954 Marcon Boulevard | Allentown, PA | 30,140 | 30,140 | LPLP | ||||||||
12,14,16 Great Valley Parkway | Malvern, PA | 20,546 | 20,546 | LPLP | ||||||||
155 Great Valley Parkway | Malvern, PA | 71,200 | 71,200 | LPLP | ||||||||
510 Lapp Road | Malvern, PA | 27,167 | 27,167 | LPLP | ||||||||
9125,9135,9145 Guilford Road | Columbia, MD | 85,216 | 85,216 | LPLP | ||||||||
60 Morehall Road | Malvern, PA | 117,000 | 117,000 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
57 South Commerce Way | Bethlehem, PA | 76,400 | 76,400 | LPLP | ||||||||
754 Roble Road | Allentown, PA | 46,800 | 46,800 | LPLP | ||||||||
944 Marcon Boulevard | Allentown, PA | 38,400 | 32,000 | LPLP | ||||||||
7077 Bonneval Road | Jacksonville, FL | 113,682 | 89,366 | LPLP | ||||||||
4190 Belfort Road | Jacksonville, FL | 119,047 | 95,659 | LPLP | ||||||||
5501-19 Pioneer Park Boulevard | Tampa, FL | 109,791 | 70,375 | LPLP | ||||||||
6520 Stonegate Drive | Allentown, PA | 43,200 | 43,200 | LPLP | ||||||||
1 Country View Road | Malvern, PA | 48,900 | 48,900 | LPLP | ||||||||
701A Route 73 South | Marlton, NJ | 93,766 | 93,766 | LPLP | ||||||||
701C Route 73 South | Marlton, NJ | 27,802 | 27,802 | LPLP | ||||||||
7437 Industrial Boulevard | Allentown, PA | 191,330 | 191,330 | LPLP | ||||||||
3000 Atrium Way | Mt. Laurel, NJ | 108,416 | 84,032 | LPLP | ||||||||
170 South Warner Road | King of Prussia, PA | 87,685 | 87,685 | LPLP | ||||||||
190 South Warner Road | King of Prussia, PA | 87,500 | 87,500 | LPLP | ||||||||
507 Prudential Road | Horsham, PA | 100,710 | 100,710 | LPLP | ||||||||
11000,15000 Commerce Parkway | Mt. Laurel, NJ | 65,014 | 65,014 | LPLP | ||||||||
12000,14000 Commerce Parkway | Mt. Laurel, NJ | 68,000 | 68,000 | LPLP | ||||||||
16000,18000 Commerce Parkway | Mt. Laurel, NJ | 49,379 | 41,916 | LPLP | ||||||||
400 Lippincott Drive | Marlton, NJ | 40,000 | 40,000 | LPLP | ||||||||
406 Lippincott Drive | Marlton, NJ | 40,218 | 36,239 | LPLP | ||||||||
7178 — 7180 Columbia Gateway | Columbia, MD | 88,895 | 88,895 | LPLP | ||||||||
100 Witmer Road | Horsham, PA | 139,128 | 128,469 | LPLP | ||||||||
5690-5694 Crenshaw Street | Tampa, FL | 87,095 | 50,395 | LPLP | ||||||||
2041 Avenue C | Allentown, PA | 30,400 | 25,600 | LPLP | ||||||||
301 Hill Carter Parkway | Richmond, VA | 80,000 | 80,000 | LPLP | ||||||||
5600-5626 Eastport Boulevard | Richmond, VA | 71,433 | 64,520 | LPLP | ||||||||
5650-5674 Eastport Boulevard | Richmond, VA | 150,863 | 150,863 | LPLP | ||||||||
5700 Eastport Boulevard | Richmond, VA | 100,336 | 100,336 | LPLP | ||||||||
4880 Cox Road | Glen Allen, VA | 58,726 | 58,726 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
4101-4127 Carolina Avenue | Richmond, VA | 126,000 | 126,000 | LPLP | ||||||||
4201-4261 Carolina Avenue | Richmond, VA | 288,000 | 288,000 | LPLP | ||||||||
4263-4299 Carolina Avenue | Richmond, VA | 180,000 | 157,500 | LPLP | ||||||||
4301-4335 Carolina Avenue | Richmond, VA | 162,000 | 144,000 | LPLP | ||||||||
4337-4379 Carolina Avenue | Richmond, VA | 198,000 | 198,000 | LPLP | ||||||||
4501-4549 Carolina Avenue | Richmond, VA | 150,000 | 90,000 | LPLP | ||||||||
4551-4593 Carolina Avenue | Richmond, VA | 151,800 | 73,118 | LPLP | ||||||||
4601-4643 Carolina Avenue | Richmond, VA | 151,800 | 125,925 | LPLP | ||||||||
4645-4683 Carolina Avenue | Richmond, VA | 120,000 | 84,000 | LPLP | ||||||||
4447-4491 Carolina Avenue | Richmond, VA | 158,700 | 158,700 | LPLP | ||||||||
4401-4445 Carolina Avenue | Richmond, VA | 158,700 | 62,100 | LPLP | ||||||||
9601 Cosner Drive | Fredericksburg, VA | 128,500 | 128,500 | LPLP | ||||||||
7620 Cetronia Road | Allentown, PA | 155,060 | 155,060 | LPLP | ||||||||
3100 Horizon Drive | King of Prussia, PA | 41,000 | 41,000 | LPLP | ||||||||
3500 Horizon Drive | King of Prussia, PA | 65,579 | 65,579 | LPLP | ||||||||
200 Chesterfield Parkway | Malvern, PA | 28,495 | 28,495 | LPLP | ||||||||
3102,3104,3110 Cherry Palm Drive | Tampa, FL | 74,397 | 56,004 | LPLP | ||||||||
4344 Federal Drive | Greensboro, NC | 92,425 | 92,425 | LPLP | ||||||||
767 Electronic Drive | Horsham, PA | 45,000 | 45,000 | LPLP | ||||||||
5601-5669 Eastport Boulevard | Richmond, VA | 150,000 | 124,000 | LPLP | ||||||||
5900 Eastport Boulevard | Richmond, VA | 142,800 | 142,800 | LPLP | ||||||||
7020 AC Skinner Parkway | Jacksonville, FL | 42,184 | 38,115 | LPLP | ||||||||
7022 AC Skinner Parkway | Jacksonville, FL | 88,200 | 88,200 | LPLP | ||||||||
132 Welsh Road | Horsham, PA | 45,200 | 42,289 | LPLP | ||||||||
11777 Central Highway | Jacksonville, FL | 50,000 | 50,000 | LPLP | ||||||||
5 Country View Road | Malvern, PA | 63,170 | 63,170 | LPLP | ||||||||
4717-4729 Eubank Road | Richmond, VA | 141,360 | 141,360 | LPLP | ||||||||
1455 Valley Center Parkway | Bethlehem, PA | 54,118 | 54,118 | LPLP | ||||||||
4000 Piedmont Parkway | High Point, NC | 60,383 | 43,408 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
8401-8408 Benjamin Road | Tampa, FL | 127,166 | 127,166 | LPLP | ||||||||
301 Lippincott Drive | Marlton, NJ | 82,482 | 51,832 | LPLP | ||||||||
303 Lippincott Drive | Marlton, NJ | 83,260 | 83,260 | LPLP | ||||||||
3200 Horizon Drive | King of Prussia, PA | 91,096 | 45,995 | LPLP | ||||||||
3000 Horizon Drive | King of Prussia, PA | 47,309 | 47,309 | LPLP | ||||||||
4263F-N Carolina Avenue | Richmond, VA | 57,600 | 34,389 | LPLP | ||||||||
1640 Valley Center Parkway | Bethlehem, PA | 30,850 | 30,850 | LPLP | ||||||||
1650 Valley Center Parkway | Bethlehem, PA | 29,150 | 20,213 | LPLP | ||||||||
1660 Valley Center Parkway | Bethlehem, PA | 27,500 | 20,092 | LPLP | ||||||||
13000 Route 73 North | Mt. Laurel, NJ | 61,698 | 40,273 | LPLP | ||||||||
4380 Federal Drive | Greensboro, NC | 79,200 | 79,200 | LPLP | ||||||||
4388 Federal Drive | Greensboro, NC | 32,400 | 32,400 | LPLP | ||||||||
4345 Southpoint Parkway | Jacksonville, FL | 104,358 | 104,358 | LPLP | ||||||||
300 Welsh Road — Building #3 | Horsham, PA | 23,461 | 23,461 | LPLP | ||||||||
300 Welsh Road — Building #4 | Horsham, PA | 37,653 | 37,653 | LPLP | ||||||||
83 South Commerce Way | Bethlehem, PA | 18,983 | 11,822 | LPLP | ||||||||
85 South Commerce Way | Bethlehem, PA | 21,119 | 15,210 | LPLP | ||||||||
87 South Commerce Way | Bethlehem, PA | 22,653 | 13,583 | LPLP | ||||||||
8801 Tinicum Boulevard | Philadelphia, PA | 441,000 | 441,000 | LPPLP | ||||||||
7016 AC Skinner Parkway | Jacksonville, FL | 39,350 | 39,350 | LPLP | ||||||||
7018 AC Skinner Parkway | Jacksonville, FL | 92,872 | 87,719 | LPLP | ||||||||
440 E. Swedesford Road | King of Prussia, PA | 72,336 | 72,336 | LPLP | ||||||||
460 E. Swedesford Road | King of Prussia, PA | 71,739 | 71,739 | LPLP | ||||||||
50 Morehall Road | Malvern, PA | 117,000 | 117,000 | LPLP | ||||||||
89 South Commerce Way | Bethlehem, PA | 43,200 | 43,200 | LPLP | ||||||||
6532 Judge Adams Road | Rock Creek, NC | 151,600 | 137,600 | LPLP | ||||||||
6530 Judge Adams Road | Rock Creek, NC | 151,600 | 151,600 | LPLP | ||||||||
5000 Cox Road | Glen Allen, VA | 58,367 | 58,367 | LPLP | ||||||||
5500 Cox Road | Glen Allen, VA | 53,863 | 45,558 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
510 Eastpark Court | Richmond, VA | 51,874 | 50,329 | LPLP | ||||||||
520 Eastpark Court | Richmond, VA | 144,228 | 144,228 | LPLP | ||||||||
2 Walnut Grove Drive | Horsham, PA | 81,856 | 77,762 | LPLP | ||||||||
5 Walnut Grove Drive | Horsham, PA | 105,000 | 91,519 | LPLP | ||||||||
7014 AC Skinner Parkway | Jacksonville, FL | 85,380 | 85,380 | LPLP | ||||||||
7248 Industrial Boulevard | Allentown, PA | 497,000 | 295,350 | LPLP | ||||||||
111 Kelsey Lane | Tampa, FL | 60,200 | 60,200 | LPLP | ||||||||
200 Gibraltar Road | Horsham, PA | 64,452 | 15,991 | LPLP | ||||||||
220 Gibraltar Road | Horsham, PA | 63,587 | 54,813 | LPLP | ||||||||
240 Gibraltar Road | Horsham, PA | 63,587 | 63,587 | LPLP | ||||||||
151 South Warner Road | King of Prussia, PA | 89,914 | 89,914 | LPLP | ||||||||
1 Walnut Grove Drive | Horsham, PA | 66,372 | — | LPLP | ||||||||
7930, 8010-20 Woodland Center Boulevard | Tampa, FL | 89,758 | 78,958 | LPLP | ||||||||
7920 Woodland Center Boulevard | Tampa, FL | 52,627 | 52,627 | LPLP | ||||||||
8154-8198 Woodland Center Boulevard | Tampa, FL | 45,382 | 30,762 | LPLP | ||||||||
8112-42 Woodland Center Boulevard | Tampa, FL | 39,155 | 39,155 | LPLP | ||||||||
8202 Woodland Center Boulevard | Tampa, FL | 39,155 | 39,155 | LPLP | ||||||||
5701-5799 Eastport Boulevard. | Richmond, VA | 174,720 | 174,720 | LPLP | ||||||||
3604 Horizon Drive | King of Prussia, PA | 22,000 | 16,858 | LPLP | ||||||||
131 Kelsey Lane | Tampa, FL | 89,290 | 89,290 | LPLP | ||||||||
6601-6625 W. 78th Street | Bloomington, MN | 325,000 | 325,000 | LPLP | ||||||||
650 Swedesford Road | King of Prussia, PA | 100,000 | 95,530 | LPLP | ||||||||
680 Swedesford Road | King of Prussia, PA | 102,500 | 102,500 | LPLP | ||||||||
2905 Northwest Boulevard | Plymouth, MN | 84,765 | 49,609 | LPLP | ||||||||
2800 Campus Drive | Plymouth, MN | 65,624 | 61,924 | LPLP | ||||||||
2955 Xenium Lane | Plymouth, MN | 24,800 | 14,850 | LPLP | ||||||||
6321-6325 Bury Drive | Eden Prairie, MN | 73,278 | 38,780 | LPLP | ||||||||
7660-7716 Golden Triangle Drive | Eden Prairie, MN | 89,672 | 67,169 | LPLP | ||||||||
7400 Flying Cloud Drive | Eden Prairie, MN | 32,137 | — | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
10301-10305 West 70th Street | Eden Prairie, MN | 23,547 | 23,547 | LPLP | ||||||||
10321 West 70th Street | Eden Prairie, MN | 28,372 | 28,372 | LPLP | ||||||||
10333 West 70th Street | Eden Prairie, MN | 21,640 | 20,525 | LPLP | ||||||||
10349-10357 West 70th Street | Eden Prairie, MN | 53,912 | 53,912 | LPLP | ||||||||
10365-10375 West 70th Street | Eden Prairie, MN | 56,877 | 56,877 | LPLP | ||||||||
10393-10394 West 70th Street | Eden Prairie, MN | 52,684 | 52,684 | LPLP | ||||||||
7078 Shady Oak Road | Eden Prairie, MN | 67,041 | — | LPLP | ||||||||
4801 Cox Road | Glen Allen, VA | 80,397 | 77,226 | LPLP | ||||||||
4160 Mendenhall Oaks Parkway | High Point, NC | 107,480 | 107,480 | LPLP | ||||||||
1525 Valley Center Parkway | Bethlehem, PA | 75,000 | 49,923 | LPLP | ||||||||
6000 Commerce Parkway | Mt. Laurel, NJ | 54,000 | 54,000 | LPLP | ||||||||
8000 Commerce Parkway | Mt. Laurel, NJ | 54,185 | 54,185 | LPLP | ||||||||
9000 Commerce Parkway | Mt. Laurel, NJ | 66,164 | 60,164 | LPLP | ||||||||
10400 Viking Drive | Eden Prairie, MN | 167,172 | 165,448 | LPLP | ||||||||
9770 Patuxent Woods Drive | Columbia, MD | 35,520 | 27,332 | LPLP | ||||||||
9780 Patuxent Woods Drive | Columbia, MD | 22,270 | 22,270 | LPLP | ||||||||
9790 Patuxent Woods Drive | Columbia, MD | 25,345 | 11,614 | LPLP | ||||||||
9810 Patuxent Woods Drive | Columbia, MD | 27,699 | 22,709 | LPLP | ||||||||
9800 Patuxent Woods Drive | Columbia, MD | 31,095 | 11,880 | LPLP | ||||||||
9820 Patuxent Woods Drive | Columbia, MD | 24,528 | 6,728 | LPLP | ||||||||
9830 Patuxent Woods Drive | Columbia, MD | 30,800 | 30,800 | LPLP | ||||||||
1000 Briggs Road | Mt. Laurel, NJ | 40,946 | 40,946 | LPLP | ||||||||
1025 Briggs Road | Mt. Laurel, NJ | 61,019 | 61,019 | LPLP | ||||||||
1020 Briggs Road | Mt. Laurel, NJ | 35,252 | 35,252 | LPLP | ||||||||
1701 Clint Moore Road | Boca Raton, FL | 80,060 | 80,060 | LPLP | ||||||||
4194 Mendenhall Oaks Parkway | High Point, NC | 26,752 | 26,752 | LPLP | ||||||||
4196 Mendenhall Oaks Parkway | High Point, NC | 19,647 | 16,590 | LPLP | ||||||||
1 Great Valley Parkway | Malvern, PA | 60,880 | 40,807 | LPLP | ||||||||
5 Great Valley Parkway | Malvern, PA | 65,044 | 57,353 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
4170 Mendenhall Oaks Parkway | High Point, NC | 43,040 | 43,040 | LPLP | ||||||||
4180 Mendenhall Oaks Parkway | High Point, NC | 33,440 | 33,440 | LPLP | ||||||||
4050 Piedmont Parkway | High Point, NC | 220,562 | 191,240 | LPLP | ||||||||
5600 & 5610 Rowland Road | Minnetonka, MN | 120,709 | 84,837 | LPLP | ||||||||
4198 Cox Road | Glen Allen, VA | 44,089 | 39,980 | LPLP | ||||||||
1001 Cedar Hollow Road | Malvern, PA | 133,000 | 133,000 | LPLP | ||||||||
3 Country View Road | Malvern, PA | 70,000 | 70,000 | LPLP | ||||||||
2000 Crawford Place | Mt. Laurel, NJ | 74,013 | 53,781 | LPLP | ||||||||
425 Technology Drive | Malvern, PA | 22,407 | 6,480 | LPLP | ||||||||
375 Technology Drive | Malvern, PA | 16,500 | 16,500 | LPLP | ||||||||
45 Liberty Boulevard | Malvern, PA | 136,977 | 115,083 | LPLP | ||||||||
100 Chesterfield Parkway | Malvern, PA | 66,906 | 66,906 | LPLP | ||||||||
4510 Cox Road | Glen Allen, VA | 72,655 | 72,655 | LPLP | ||||||||
9550 Satellite Boulevard | Orlando, FL | 70,520 | 70,520 | LPLP | ||||||||
7724 Woodland Center Boulevard | Tampa, FL | 29,350 | 29,350 | LPLP | ||||||||
7802-50 Woodland Center Boulevard | Tampa, FL | 44,350 | 44,350 | LPLP | ||||||||
7852-98 Woodland Center Boulevard | Tampa, FL | 44,350 | 38,028 | LPLP | ||||||||
6600 Southpoint Parkway | Jacksonville, FL | 56,460 | 56,460 | LPLP | ||||||||
6700 Southpoint Parkway | Jacksonville, FL | 46,500 | 46,500 | LPLP | ||||||||
181-187 Gibraltar Road | Horsham, PA | 48,870 | 48,870 | LPLP | ||||||||
104 Rock Road | Horsham, PA | 51,375 | 51,375 | LPLP | ||||||||
123-135 Rock Road | Horsham, PA | 37,500 | 34,295 | LPLP | ||||||||
111-159 Gibraltar Road | Horsham, PA | 63,036 | 54,803 | LPLP | ||||||||
161-175 Gibraltar Road | Horsham, PA | 49,732 | 49,732 | LPLP | ||||||||
103-109 Gibraltar Road | Horsham, PA | 42,000 | 24,000 | LPLP | ||||||||
261-283 Gibraltar Road | Horsham, PA | 60,000 | 60,000 | LPLP | ||||||||
201-223 Witmer Road | Horsham, PA | 60,000 | 48,243 | LPLP | ||||||||
231-237 Gibraltar Road | Horsham, PA | 60,000 | 60,000 | LPLP | ||||||||
100 Gibraltar Road | Horsham, PA | 2,800 | — | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
101 Gibraltar Road | Horsham, PA | 56,845 | 43,124 | LPLP | ||||||||
506 Prudential Road | Horsham, PA | 18,200 | 18,200 | LPLP | ||||||||
113-123 Rock Road | Horsham, PA | 37,500 | 37,500 | LPLP | ||||||||
101-111 Rock Road | Horsham, PA | 37,884 | 37,884 | LPLP | ||||||||
120 Gibraltar Road | Horsham, PA | 49,023 | 49,023 | LPLP | ||||||||
110 Gibraltar Road | Horsham, PA | 59,429 | 56,491 | LPLP | ||||||||
100-107 Lakeside Drive | Horsham, PA | 27,465 | 27,465 | LPLP | ||||||||
200-264 Lakeside Drive | Horsham, PA | 54,623 | 41,085 | LPLP | ||||||||
300-309 Lakeside Drive | Horsham, PA | 43,832 | 40,881 | LPLP | ||||||||
400-445 Lakeside Drive | Horsham, PA | 62,123 | 62,123 | LPLP | ||||||||
104 Witmer Road | Horsham, PA | 24,300 | — | LPLP | ||||||||
201 Gibraltar Road | Horsham, PA | 46,697 | 46,697 | LPLP | ||||||||
2920 Northwest Boulevard | Plymouth, MN | 81,779 | 81,779 | LPLP | ||||||||
3600 Horizon Drive | King of Prussia, PA | 34,421 | 34,421 | LPLP | ||||||||
3602 Horizon Drive | King of Prussia, PA | 22,820 | 22,820 | LPLP | ||||||||
2809 South Lynnhaven Road | Virginia Beach, VA | 62,924 | 62,924 | LPLP | ||||||||
200 Golden Oak Court | Virginia Beach, VA | 74,290 | 65,556 | LPLP | ||||||||
208 Golden Oak Court | Virginia Beach, VA | 63,825 | 63,309 | LPLP | ||||||||
1 Enterprise Parkway | Hampton, VA | 63,029 | 42,910 | LPLP | ||||||||
22 Enterprise Parkway | Hampton, VA | 72,444 | 66,237 | LPLP | ||||||||
4801 Executive Park Court — 100 | Jacksonville, FL | 60,000 | 60,000 | LPLP | ||||||||
4801 Executive Park Court — 200 | Jacksonville, FL | 40,000 | 40,000 | LPLP | ||||||||
4810 Executive Park Court | Jacksonville, FL | 40,000 | 35,130 | LPLP | ||||||||
6602 Executive Park Court — 100 | Jacksonville, FL | 42,000 | 42,000 | LPLP | ||||||||
6602 Executive Park Court — 200 | Jacksonville, FL | 32,000 | 27,500 | LPLP | ||||||||
6631 Executive Park Court — 100 | Jacksonville, FL | 27,200 | 27,200 | LPLP | ||||||||
6631 Executive Park Court — 200 | Jacksonville, FL | 44,000 | 44,000 | LPLP | ||||||||
4815 Executive Park Court — 100 | Jacksonville, FL | 39,600 | 39,600 | LPLP | ||||||||
4815 Executive Park Court — 200 | Jacksonville, FL | 50,000 | 25,000 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
4825 Executive Park Court | Jacksonville, FL | 65,000 | 65,000 | LPLP | ||||||||
4820 Executive Park Court | Jacksonville, FL | 60,000 | 49,200 | LPLP | ||||||||
3 Franklin Plaza | Philadelphia, PA | 215,350 | 215,350 | LPPLP II | ||||||||
530 Eastpark Court | Richmond, VA | 48,000 | 48,000 | LPLP | ||||||||
5410 — 5430 Northwest 33rd Avenue | Ft. Lauderdale, FL | 64,299 | 64,299 | LPLP | ||||||||
10511 & 10611 Satellite Boulevard | Orlando, FL | 76,800 | 70,400 | LPLP | ||||||||
400-500 Brandywine Parkway | West Chester, PA | 101,536 | 101,536 | LPLP | ||||||||
600 Brandywine Parkway | West Chester, PA | 78,615 | 78,615 | LPLP | ||||||||
7562 Penn Drive | Allentown, PA | 26,950 | 26,950 | LPLP | ||||||||
7277 Williams Avenue | Allentown, PA | 41,040 | 31,440 | LPLP | ||||||||
6500 NW 12th Avenue | Ft. Lauderdale, FL | 66,000 | 59,100 | LPLP | ||||||||
6600 NW 12th Avenue | Ft. Lauderdale, FL | 65,791 | 59,791 | LPLP | ||||||||
1500 SW 5th Court | Pompano Beach, FL | 118,992 | 118,992 | LPLP | ||||||||
1651 SW 5th Court | Pompano Beach, FL | 25,200 | 25,200 | LPLP | ||||||||
1601 SW 5th Court | Pompano Beach, FL | 25,200 | 25,200 | LPLP | ||||||||
1501 SW 5th Court | Pompano Beach, FL | 25,200 | 25,200 | LPLP | ||||||||
1400 SW 6th Court | Pompano Beach, FL | 143,459 | 118,459 | LPLP | ||||||||
1405 SW 6th Court | Pompano Beach, FL | 48,720 | 41,720 | LPLP | ||||||||
595 SW 13th Terrace | Pompano Beach, FL | 44,627 | 44,627 | LPLP | ||||||||
601 SW 13th Terrace | Pompano Beach, FL | 20,385 | 20,385 | LPLP | ||||||||
605 SW 16th Terrace | Pompano Beach, FL | 38,458 | 38,458 | LPLP | ||||||||
8921 Brittany Way | Tampa, FL | 32,000 | 32,000 | LPLP | ||||||||
6000 Eastport Blvd | Richmond, VA | 149,040 | 149,040 | LPLP | ||||||||
2700 Horizon Drive | King of Prussia, PA | 45,000 | 45,000 | LPLP | ||||||||
2900 Horizon Drive | King of Prussia, PA | 50,000 | 50,000 | LPLP | ||||||||
2500 Renaissance Boulevard | King of Prussia, PA | 30,500 | 30,500 | LPLP | ||||||||
2300 Renaissance Boulevard | King of Prussia, PA | 31,000 | 31,000 | LPLP | ||||||||
951 Broken Sound Parkway | Boca Raton, FL | 85,610 | 63,067 | LPLP | ||||||||
719 Dresher Road | Horsham, PA | 35,212 | 35,212 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
6601 Executive Park Circle North | Jacksonville, FL | 80,000 | 80,000 | LPLP | ||||||||
3400 Lakeside Drive | Miramar, FL | 120,130 | 112,372 | LPLP | ||||||||
3450 Lakeside Drive | Miramar, FL | 119,212 | 115,073 | LPLP | ||||||||
3350 SW 148th Avenue | Miramar, FL | 154,768 | 149,581 | LPLP | ||||||||
2100 Renaissance Boulevard | King of Prussia, PA | 102,085 | 102,085 | LPLP | ||||||||
4 Walnut Grove | Horsham, PA | 109,700 | 109,700 | LPLP | ||||||||
7355 Williams Avenue | Allentown, PA | 43,425 | 43,425 | LPLP | ||||||||
794 Roble Road | Allentown, PA | 101,750 | 101,750 | LPLP | ||||||||
484 Viking Drive | Virginia Beach, VA | 39,804 | 32,687 | LPLP | ||||||||
3829-3855 Gaskins Road | Richmond, VA | 44,926 | 44,926 | LPLP | ||||||||
5000 Dearborn Court | Mt. Laurel, NJ | 56,016 | 56,016 | LPLP | ||||||||
5400-5500 Feltl Road | Minnetonka, MN | 135,240 | 112,372 | LPLP | ||||||||
14630-14650 28th Avenue North | Plymouth, MN | 56,100 | 56,100 | LPLP | ||||||||
245 Executive Drive | Brookfield, WI | 75,064 | 75,064 | LPLP | ||||||||
5250 Eagle Trail Drive | Tampa, FL | 97,400 | 97,400 | LPLP | ||||||||
629 Phoenix Drive | Virginia Beach, VA | 24,549 | 20,060 | LPLP | ||||||||
2250 Hickory Road | Plymouth Meeting, PA | 83,055 | 80,082 | LPLP | ||||||||
13650 NW 8th Street | Sunrise, FL | 24,732 | 24,732 | LPLP | ||||||||
13630 NW 8th Street | Sunrise, FL | 29,444 | 22,943 | LPLP | ||||||||
3400 Horizon Drive | King of Prussia, PA | 72,491 | 38,921 | LPLP | ||||||||
602 Heron Drive | Bridgeport, NJ | 26,450 | 26,450 | LPLP | ||||||||
10800 Nuckols Boulevard | Richmond, VA | 135,375 | — | LPLP | ||||||||
4901 Belfort Road | Jacksonville, FL | 78,930 | 78,930 | LPLP | ||||||||
777 Yamato Road | Boca Raton, FL | 155,481 | 130,353 | LPLP | ||||||||
7625 Smetana Lane | Eden Prairie, MN | 55,924 | 55,924 | LPLP | ||||||||
4606 Richlynn Drive | Belcamp, MD | 65,000 | 65,000 | LPLP | ||||||||
5700 Cleveland Street | Virginia Beach, VA | 86,170 | 80,424 | LPLP | ||||||||
7695-7699 Anagram Drive | Eden Prairie, MN | 39,390 | 39,390 | LPLP | ||||||||
2216 Directors Row | Orlando, FL | 118,500 | — | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
1901 Summit Tower Boulevard | Maitland, FL | 120,268 | 120,268 | LPLP | ||||||||
1001 Briggs Road | Mt. Laurel, NJ | 63,545 | 63,545 | LPLP | ||||||||
7725 Woodland Center Boulevard | Tampa, FL | 42,615 | 42,615 | LPLP | ||||||||
7550 Meridian Circle | Maple Grove, MN | 49,827 | 24,312 | LPLP | ||||||||
4300 Federal Drive | Greensboro, NC | 59,200 | 59,200 | LPLP | ||||||||
3255 Neil Armstrong Boulevard | Eagan, MN | 87,402 | 87,402 | LPLP | ||||||||
4875 Belfort Road | Jacksonville, FL | 79,955 | 79,955 | LPLP | ||||||||
4899 Belfort Road | Jacksonville, FL | 80,797 | 31,412 | LPLP | ||||||||
1801 Clint Moore Road | Boca Raton, FL | 47,442 | 19,520 | LPLP | ||||||||
7800 N. 113th Street | Milwaukee, WI | 80,569 | — | LPLP | ||||||||
9600 54th Avenue | Plymouth, MN | 50,021 | — | LPLP | ||||||||
8001 Woodland Center Boulevard | Tampa, FL | 29,999 | 17,234 | LPLP | ||||||||
8945-8975 Guilford Road | Columbia, MD | 101,596 | 63,718 | RBCLP | ||||||||
4630 Woodland Corporate Boulevard | Tampa, FL | 140,548 | 123,036 | LPLP | ||||||||
31700 Research Park Drive | Madison Heights, MI | 23,980 | 23,980 | LPLP | ||||||||
1201 East Whitcomb Avenue | Madison Heights, MI | 26,660 | — | LPLP | ||||||||
300 Welsh Road | Horsham, PA | 33,205 | 33,205 | LPLP | ||||||||
7317 Parkway Drive | Hanover, MD | 30,000 | — | LPLP | ||||||||
7800 Equitable Drive | Eden Prairie, MN | 43,426 | 43,426 | LPLP | ||||||||
7905 Fuller Road | Eden Prairie, MN | 74,224 | 74,224 | LPLP | ||||||||
600 Chesterfield Parkway | Malvern, PA | 79,694 | 79,694 | LPLP | ||||||||
700 Chesterfield Parkway | Malvern, PA | 79,694 | 79,694 | LPLP | ||||||||
2301 Renaissance Boulevard | King of Prussia, PA | 197,000 | 197,000 | LPLP | ||||||||
2520 Renaissance Boulevard | King of Prussia, PA | 53,109 | 53,109 | LPLP | ||||||||
701-725 South US Hwy 301 | Tampa, FL | 65,380 | 65,380 | LPLP | ||||||||
9023 Columbine Road | Eden Prairie, MN | 62,200 | 62,200 | LPLP | ||||||||
9801 80th Avenue | Pleasant Prairie, WI | 277,454 | 277,454 | LPLP | ||||||||
11950 W. Lake Park Drive | Milwaukee, WI | 35,749 | 35,749 | LPLP | ||||||||
11400 W. Lake Park Drive | Milwaukee, WI | 35,928 | 28,723 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
11425 W. Lake Park Drive | Milwaukee, WI | 35,817 | 35,817 | LPLP | ||||||||
11301 W. Lake Park Drive | Milwaukee, WI | 40,020 | 20,098 | LPLP | ||||||||
11900 W. Lake Park Drive | Milwaukee, WI | 36,522 | 36,522 | LPLP | ||||||||
18 Great Valley Parkway | Malvern, PA | 28,523 | 28,523 | LPLP | ||||||||
4905 Belfort Road | Jacksonville, FL | 54,835 | 54,835 | LPLP | ||||||||
4135 Mendenhall Oaks Parkway | High Point, NC | 33,758 | 32,440 | LPLP | ||||||||
4502 Woodland Corporate Boulevard | Tampa, FL | 42,680 | 42,680 | LPLP | ||||||||
700 Dresher Road | Horsham, PA | 110,000 | 110,000 | LPLP | ||||||||
9001-9015 Brittany Way | Tampa, FL | 30,000 | 30,000 | LPLP | ||||||||
651 Boulder Drive | Allentown, PA | 522,000 | 522,000 | LPLP | ||||||||
2201 Renaissance Boulevard | King of Prussia, PA | 132,823 | 132,823 | LPLP | ||||||||
2560 Renaissance Boulevard | King of Prussia, PA | 35,000 | 35,000 | LPLP | ||||||||
7251 Salisbury Road | Jacksonville, FL | 65,280 | 50,548 | LPLP | ||||||||
5 Manhattan Square | Hampton, VA | 17,068 | 17,068 | LPLP | ||||||||
6161 Green Valley Drive | Bloomington, MN | 36,827 | 11,810 | LPLP | ||||||||
4700 Nathan Lane North | Minneapolis, MN | 191,336 | 191,336 | LPLP | ||||||||
8967 Columbine Road | Eden Prairie, MN | 39,862 | 39,862 | LPLP | ||||||||
2400 South Lake Orange Drive | Orlando, FL | 60,800 | 60,800 | LPLP | ||||||||
4508 Woodland Corporate Boulevard | Tampa, FL | 40,140 | 40,140 | LPLP | ||||||||
4198 Eagle Hill Drive | High Point, NC | 150,000 | 150,000 | LPLP | ||||||||
550-590 Hale Avenue | Oakdale, MN | 100,600 | 100,600 | LPLP | ||||||||
11 Great Valley Parkway | Malvern, PA | 27,348 | 27,348 | LPLP | ||||||||
7622 Bald Cypress Place | Tampa, FL | 15,000 | 15,000 | LPLP | ||||||||
1015 Briggs Road | Mt. Laurel, NJ | 37,600 | 37,600 | LPLP | ||||||||
7777 Golden Triangle Drive | Eden Prairie, MN | 31,116 | 31,116 | LPLP | ||||||||
680 Blair Mill Road | Horsham, PA | 115,110 | 115,110 | LPLP | ||||||||
11414 West Park Place | Milwaukee, WI | 86,723 | 81,086 | LPLP | ||||||||
8939 Columbine Road | Eden Prairie, MN | 48,000 | 48,000 | LPLP | ||||||||
901-933 US Highway 301 South | Tampa, FL | 65,200 | 65,200 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
7615 Smetana Lane | Eden Prairie, MN | 93,444 | 93,444 | LPLP | ||||||||
7805 Hudson Road | Woodbury, MN | 138,732 | 138,732 | LPLP | ||||||||
11520 West Calumet Road | Milwaukee, WI | 15,293 | — | LPLP | ||||||||
12100 West Park Place | Milwaukee, WI | 56,293 | 49,870 | LPLP | ||||||||
11020 West Plank Court | Wauwatosa, WI | 49,061 | 30,212 | LPLP | ||||||||
1400 Liberty Ridge Drive | Wayne, PA | 101,136 | 94,023 | LPLP | ||||||||
1500, 1550 Liberty Ridge Drive | Chesterbrook, PA | 233,120 | 228,074 | LPLP | ||||||||
10245 Centurion Parkway North | Jacksonville, FL | 51,974 | 51,974 | LPLP | ||||||||
17000 Commerce Parkway | Mt. Laurel, NJ | 29,768 | 29,768 | LPLP | ||||||||
6220 Old Dobbin Lane | Columbia, MD | 64,515 | 64,515 | LPLP | ||||||||
1200 Liberty Ridge Drive | Wayne, PA | 86,150 | 62,752 | LPLP | ||||||||
4183 Eagle Hill Drive | High Point, NC | 96,000 | 96,000 | LPLP | ||||||||
4189 Eagle Hill Drive | High Point, NC | 96,000 | 96,000 | LPLP | ||||||||
6923 Lee Vista Blvd | Orlando, FL | 30,000 | 30,000 | LPLP | ||||||||
4020 Meeting Way | High Point, NC | 15,000 | 15,000 | LPLP | ||||||||
10801 Nesbitt Avenue South | Bloomington, MN | 56,000 | 56,000 | LPLP | ||||||||
3773 Corporate Parkway | Center Valley, PA | 71,000 | 67,430 | LPLP | ||||||||
6250 Old Dobbin Lane | Columbia, MD | 31,000 | 26,943 | LPLP | ||||||||
6200 Old Dobbin Lane | Columbia, MD | 31,000 | 31,000 | LPLP | ||||||||
6210 Old Dobbin Lane | Columbia, MD | 31,000 | 31,000 | LPLP | ||||||||
6240 Old Dobbin Lane | Columbia, MD | 31,000 | 28,615 | LPLP | ||||||||
4887 Belfort Road | Jacksonville, FL | 81,608 | 78,537 | LPLP | ||||||||
6501 Lee Vista Boulevard | Orlando, FL | 68,132 | 68,132 | LPLP | ||||||||
7028 Snowdrift Road | Fogelville, PA | 45,000 | 45,000 | LPLP | ||||||||
74 West Broad Street | Bethlehem, PA | 120,777 | 97,095 | LPLP | ||||||||
4503 Woodland Corporate Boulevard | Tampa, FL | 30,000 | 30,000 | LPLP | ||||||||
4505 Woodland Corporate Boulevard | Tampa, FL | 25,000 | 25,000 | LPLP | ||||||||
4511 Woodland Corporate Boulevard | Tampa, FL | 25,000 | 25,000 | LPLP | ||||||||
4600 Nathan Lane | Minneapolis, MN | 85,528 | 63,891 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
7255 Salisbury Road | Jacksonville, FL | 57,120 | 37,630 | LPLP | ||||||||
8150 Industrial Boulevard | Allentown, PA | 300,000 | 300,000 | LPLP | ||||||||
8995 Columbine Road | Eden Prairie, MN | 46,112 | 46,112 | LPLP | ||||||||
8911 Columbine Road | Eden Prairie, MN | 38,536 | 38,536 | LPLP | ||||||||
8855 Columbine Road | Eden Prairie, MN | 58,145 | 58,145 | LPLP | ||||||||
1317 Executive Blvd. | Chesapeake, VA | 73,583 | 73,583 | LPLP | ||||||||
100 Westgate Parkway | Richmond, VA | 91,752 | 91,752 | LPLP | ||||||||
1309 Executive Boulevard | Chesapeake, VA | 49,870 | 49,870 | LPLP | ||||||||
40 Liberty Boulevard | Malvern, PA | 126,000 | 126,000 | LPPLP | ||||||||
1605 Valley Center Parkway | Bethlehem, PA | 95,000 | 95,000 | LPLP | ||||||||
2416 Lake Orange Drive | Orlando, FL | 65,602 | 46,346 | LPLP | ||||||||
4100 Mendenhall Oaks Parkway | High Point, NC | 55,250 | 49,733 | LPLP | ||||||||
4191 Mendenhall Oaks Parkway | High Point, NC | 45,100 | 32,000 | LPLP | ||||||||
200 Westgate Parkway | Richmond, VA | 60,266 | 58,249 | LPLP | ||||||||
300 Fellowship Road | Mt. Laurel, NJ | 50,000 | 50,000 | LPLP | ||||||||
302 Fellowship Road | Mt. Laurel, NJ | 25,000 | 25,000 | LPLP | ||||||||
5775 Shakopee Road | Bloomington, MN | 103,050 | 25,750 | LPLP | ||||||||
21 Enterprise Parkway | Hampton, VA | 75,915 | 66,807 | LPLP | ||||||||
102 Rock Road | Horsham, PA | 40,472 | 40,472 | LPLP | ||||||||
1305 Executive Boulevard | Chesapeake, VA | 49,865 | 42,768 | LPLP | ||||||||
1313 Executive Boulevard | Chesapeake, VA | 49,870 | 49,870 | LPLP | ||||||||
5715 Old Shakopee Road | Bloomington, MN | 63,463 | 51,770 | LPLP | ||||||||
5735 Old Shakopee Road | Bloomington, MN | 63,463 | 63,463 | LPLP | ||||||||
20 Wright Avenue | Hunt Valley, MD | 74,441 | 72,939 | LPLP | ||||||||
7624 Bald Cypress Place | Tampa, FL | 15,035 | 15,035 | LPLP | ||||||||
5705 Old Shakopee Road | Bloomington, MN | 74,594 | 74,594 | LPLP | ||||||||
15800 W. Bluemound Road | Brookfield, WI | 92,080 | 82,483 | LPLP | ||||||||
335 Commerce Drive | Fort Washington, PA | 74,099 | 74,099 | LPLP | ||||||||
12501 & 12701 Whitewater Drive | Minnetonka, MN | 145,946 | 142,926 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
10003 Satellite Boulevard | Orlando, FL | 66,387 | 46,800 | LPLP | ||||||||
200 Southchase Boulevard | Fountain Inn, SC | 261,632 | 261,632 | LPLP | ||||||||
4751 League Island Boulevard | Philadelphia, PA | 75,626 | 75,626 | LPPLP V | ||||||||
3901 Westerre Parkway | Richmond, VA | 78,120 | 78,120 | LPLP | ||||||||
11100 West Liberty Drive | Milwaukee, WI | 88,259 | 88,259 | LPLP | ||||||||
2 West Liberty Blvd | Malvern, PA | 100,000 | 99,540 | LPLP | ||||||||
400 Boulder Drive | Allentown, PA | 363,000 | 363,000 | LPLP | ||||||||
200 W. Cypress Creek Road | Fort Lauderdale, FL | 99,721 | 72,594 | LPLP | ||||||||
4520 Seedling Circle | Tampa, FL | 35,000 | 35,000 | LPLP | ||||||||
3001 Leadenhall Road | Mt. Laurel, NJ | 81,059 | 81,059 | LPLP | ||||||||
4015 Meeting Way | High Point, NC | 30,844 | 30,844 | LPLP | ||||||||
75 Brookfield Oaks Drive | Greenville, SC | 57,600 | 38,409 | LPLP | ||||||||
255 Business Center Drive | Horsham, PA | 51,132 | 51,132 | LPLP | ||||||||
355 Business Center Drive | Horsham, PA | 25,983 | 20,143 | LPLP | ||||||||
455 Business Center Drive | Horsham, PA | 51,505 | 51,505 | LPLP | ||||||||
555 Business Center Drive | Horsham, PA | 30,064 | 1,328 | LPLP | ||||||||
1457 Miller Store Road | Virginia Beach, VA | 65,192 | 65,192 | LPLP | ||||||||
10 Great Valley Parkway | Malvern, PA | 16,307 | 16,307 | LPLP | ||||||||
3612 LaGrange Parkway | Toano, VA | 100,933 | 100,933 | LPLP | ||||||||
521 Butler Farm Road | Hampton, VA | 44,651 | 44,651 | LPLP | ||||||||
4 North Park Drive | Hunt Valley, MD | 128,268 | 109,562 | LPLP | ||||||||
6 North Park Drive | Hunt Valley, MD | 81,462 | 79,712 | LPLP | ||||||||
10 North Park Drive | Hunt Valley, MD | 85,365 | 49,127 | LPLP | ||||||||
500 Independence Parkway | Chesapeake, VA | 51,000 | 24,953 | LPLP | ||||||||
3701 Corporate Parkway | Center Valley, PA | 75,000 | 61,271 | LPLP | ||||||||
4193 Eagle Hill Drive | High Point, NC | 104,000 | 104,000 | LPLP | ||||||||
501 US Highway 301 South | Tampa, FL | 59,080 | 59,080 | LPLP | ||||||||
2202 Taft-Vineland Road | Orlando, FL | 60,000 | 60,000 | LPLP | ||||||||
1879 Lamont Avenue | Odenton, MD | 208,000 | 208,000 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
350 Winmeyer Avenue | Odenton, MD | 187,200 | 186,878 | LPLP | ||||||||
9002-9036 Brittany Way | Tampa, FL | 59,080 | 52,792 | LPLP | ||||||||
One Crescent Drive | Philadelphia, PA | 76,361 | 67,900 | L/S 1 CLP | ||||||||
6950 Harbour View Blvd. | Suffolk, VA | 130,000 | 130,000 | LPLP | ||||||||
2212 Taft Vineland Road | Orlando, FL | 46,500 | 46,500 | LPLP | ||||||||
6230 Old Dobbin Lane | Columbia, MD | 64,791 | 61,444 | LPLP | ||||||||
65 Brookfield Oaks Drive | Greenville, SC | 76,800 | 76,800 | LPLP | ||||||||
7528 Walker Way | Allentown, PA | 83,200 | 83,200 | LPLP | ||||||||
4121 Cox Road | Glen Allen, VA | 59,053 | 57,036 | LPLP | ||||||||
860 Nestle Way | Allentown, PA | 607,608 | 607,608 | LPLP | ||||||||
200 Boulder Drive | Allentown, PA | 500,240 | 420,320 | LPLP | ||||||||
250 Boulder Drive | Allentown, PA | 297,500 | 210,000 | LPLP | ||||||||
4008 Mendenhall Oaks Pkw | High Point, NC | 12,864 | 2,910 | LPDC | ||||||||
7361 Coca Cola Drive | Hanover, MD | 126,100 | 126,100 | LPLP | ||||||||
420 Delaware Drive | Fort Washington, PA | 76,716 | 76,716 | LPLP | ||||||||
1485 W Commerce Avenue | Carlisle, PA | 439,088 | 439,088 | LPLP | ||||||||
8500 Willard Drive | Breinigsville, PA | 451,600 | 451,600 | LPLP | ||||||||
414 Commerce Drive | Fort Washington, PA | 36,718 | 29,518 | LPLP | ||||||||
2256 Taft Vineland Road | Orlando, FL | 34,500 | 34,500 | LPLP | ||||||||
501 Independence Parkway | Chesapeake, VA | 61,146 | 54,120 | LPLP | ||||||||
600 Industrial Drive — LPLP | Lewisberry, PA | 800,000 | 800,000 | Lib 600 GP | ||||||||
42 Kings Hill Avenue | West Malling, UK | 54,856 | 54,856 | LPLP | ||||||||
510 Independence Parkway | Chesapeake, VA | 97,081 | 90,479 | LPLP | ||||||||
8301 Industrial Boulevard | Breinigsville, PA | 1,029,600 | 1,029,600 | LPLP | ||||||||
1950 Summit Park Drive | Orlando, FL | 128,240 | 117,201 | LPLP | ||||||||
1958 Summit Park Drive | Orlando, FL | 128,934 | 128,934 | LPLP | ||||||||
106 Southchase Blvd | Fountain Inn, SC | 120,975 | 120,975 | LPLP | ||||||||
3900 Westerre Parkway | Richmond, VA | 76,128 | 76,128 | LPLP | ||||||||
1001 Boulders Parkway | Richmond, VA | 78,995 | 70,784 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
7400 Beaufont Springs Drive | Richmond, VA | 76,981 | 60,167 | LPLP | ||||||||
1100 Boulders Parkway | Richmond, VA | 133,302 | 111,691 | LPLP | ||||||||
8900-34 Brittany Way | Tampa, FL | 48,000 | 48,000 | LPLP | ||||||||
200-34 Kelsey Lane | Tampa, FL | 45,600 | 45,600 | LPLP | ||||||||
11300-90 West Theodore Trecker Way | West Allis, WI | 39,927 | 39,927 | LPLP | ||||||||
11548 West Theodore Trecker Way | West Allis, WI | 51,292 | 51,292 | LPLP | ||||||||
11420 West Theodore Trecker Way | West Allis, WI | 25,000 | 25,000 | LPLP | ||||||||
8501 East Raintree Drive | Scottsdale, AZ | 123,340 | 123,340 | LPLP | ||||||||
5201 Gate Parkway | Jacksonville, FL | 150,000 | 150,000 | LPLP | ||||||||
11050 West Liberty Drive | Milwaukee, WI | 29,297 | 29,297 | LPLP | ||||||||
1301 Executive Blvd. | Chesapeake, VA | 50,020 | 50,020 | LPLP | ||||||||
275 Commerce Drive | Fort Washington, PA | 50,808 | 44,337 | LPLP | ||||||||
1250 Virginia Drive | Fort Washington, PA | 41,644 | 22,455 | LPLP | ||||||||
8400 Industrial Blvd. | Breinigsville, PA | 726,000 | 726,000 | LPLP | ||||||||
6900 Harbour View Blvd | Suffolk, VA | 168,000 | 136,500 | LPLP | ||||||||
330 Fellowship Rd. | Mount Laurel, NJ | 103,295 | 92,411 | LPLP | ||||||||
1501 Perryman Road | Aberdeen, MD | 580,168 | 386,264 | LPLP | ||||||||
350 Fellowship Road | Mt. Laurel, NJ | 56,268 | 56,268 | LPLP | ||||||||
Liberty Square | West Malling, UK | 35,157 | 32,543 | LPLP | ||||||||
45 Brookfield Oaks Drive | Greenville, SC | 96,000 | — | LPLP | ||||||||
20825 Swenson Drive | Brookfield, WI | 39,729 | 39,729 | LPLP | ||||||||
170 Parkway West | Duncan, SC | 96,000 | 96,000 | LPLP | ||||||||
190 Parkway West | Duncan, SC | 92,400 | 66,000 | LPLP | ||||||||
265 Parkway East | Duncan, SC | 124,800 | 124,800 | LPLP | ||||||||
285 Parkway East | Duncan, SC | 197,200 | 197,200 | LPLP | ||||||||
910-926 Chad Lane | Tampa, FL | 28,800 | 28,800 | LPLP | ||||||||
150-182 Kelsey Lane | Tampa, FL | 54,400 | 54,400 | LPLP | ||||||||
95 Kriner Road | Chambersburg, PA | 837,540 | 475,640 | LPLP | ||||||||
7 Walnut Grove Drive | Horsham, PA | 120,000 | 120,000 | LPLP |
Table of Contents
Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
1100 Virginia Drive | Fort Washington, PA | 746,929 | 742,129 | LPLP | ||||||||
1 Kings Hill Avenue | West Malling, UK | 43,717 | 43,717 | LPLP | ||||||||
676 Independence Parkway | Chesapeake, VA | 73,345 | 16,238 | LPLP | ||||||||
1301 International Parkway | Sunrise, FL | 140,160 | 123,704 | LPLP | ||||||||
3020 US Highway 301 South | Riverview, FL | 99,039 | 99,039 | LPLP | ||||||||
901 Renaissance Blvd | Sturtevant, WI | 551,759 | 551,759 | LPLP | ||||||||
6200 Lee Vista Blvd. | Orlando, FL | 52,800 | 14,787 | LPLP | ||||||||
7022 TPC Drive | Orlando, FL | 86,316 | 68,288 | LPLP | ||||||||
7100 TPC Drive | Orlando, FL | 101,290 | 90,089 | LPLP | ||||||||
7101 TPC Drive | Orlando, FL | 84,650 | 84,650 | LPLP | ||||||||
7351 Coca Cola Drive | Elkridge, MD | 99,600 | 99,600 | LPLP | ||||||||
9755 Patuxent Woods Drive | Columbia, MD | 97,554 | 96,217 | LPLP | ||||||||
4475 Premier Drive | High Point, NC | 135,000 | 135,000 | LPLP | ||||||||
8725 Henderson Road | Tampa, FL | 105,165 | 105,165 | LPLP | ||||||||
8735 Henderson Road | Tampa, FL | 105,110 | 105,110 | LPLP | ||||||||
8705 Henderson Road | Tampa, FL | 142,881 | 142,881 | LPLP | ||||||||
8715 Henderson Road | Tampa, FL | 111,012 | 111,012 | LPLP | ||||||||
8745 Henderson Road | Tampa, FL | 68,203 | 68,056 | LPLP | ||||||||
4631 Woodland Corporate Blvd | Tampa, FL | 90,472 | 88,835 | LPLP | ||||||||
7851-61 Woodland Ctr Blvd | Tampa, FL | 18,520 | 18,520 | LPLP | ||||||||
4775 League Island Blvd. | Philadelphia, PA | 25,718 | 25,718 | L/S 4775 LP | ||||||||
1150 Pleasant Ridge Road | Greensboro, NC | 341,000 | 310,000 | LPLP | ||||||||
851 Gills Drive | Orlando, FL | 33,600 | 9,600 | LPLP | ||||||||
950 Gills Drive | Orlando, FL | 42,000 | 21,000 | LPLP | ||||||||
1000 Gills Drive | Orlando, FL | 40,000 | 40,000 | LPLP | ||||||||
7 Research Drive | Greenville, SC | 117,100 | 117,100 | LPLP | ||||||||
750 Park of Commerce Blvd | Boca Raton, FL | 94,605 | 34,755 | LPLP | ||||||||
7075 Flying Cloud Dr | Eden Prairie, MN | 345,000 | 345,000 | LPLP | ||||||||
4410 E Cotton Center Blvd. | Phoenix, AZ | 101,269 | 101,269 | LPLP |
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Unencumbered Property List
June 30, 2010
Total | Total | |||||||||||
Square | Leased | |||||||||||
Project Name Location | City, State | Feet | Sq. Feet | Ownership | ||||||||
4750 S 44th Place | Phoenix, AZ | 79,946 | 69,094 | LPLP | ||||||||
8313 West Pierce St. | Tolleson, AZ | 227,259 | 227,259 | LPLP | ||||||||
125 Caliber Ridge Drive | Greer, SC | 126,000 | 45,000 | LPLP | ||||||||
9306-9324 E Broadway Ave | Tampa, FL | 36,000 | 36,000 | LPLP | ||||||||
4435 E Cotton Center Blvd. | Phoenix, AZ | 25,505 | 25,505 | LPLP | ||||||||
4207 E Cotton Center Blvd | Phoenix, AZ | 24,900 | 24,900 | LPLP | ||||||||
4217 E Cotton Center Blvd. | Phoenix, AZ | 88,140 | 88,140 | LPLP | ||||||||
8451 Willard Drive | Breinigsville, PA | 920,400 | 530,534 | LPLP | ||||||||
4300 South 26th Street | Philadelphia, PA | 345,500 | 345,500 | L/S 26th Street LP | ||||||||
3 Crescent Drive | Philadelphia, PA | 95,261 | 95,261 | L/S 3 CDLP | ||||||||
10050 S. 27th Street | Oak Creek, WI | 44,160 | 10,818 | LPLP | ||||||||
2440 W. Corporate Preserve Dr. | Oak Creek, WI | 68,700 | 37,500 | LPLP | ||||||||
4610 S 44th Street | Phoenix, AZ | 66,012 | 66,012 | LPLP | ||||||||
4550 S 44th Street | Phoenix, AZ | 54,489 | — | LPLP | ||||||||
540 Eastpark Court | Richmond, VA | 100,000 | 100,000 | LPLP | ||||||||
3100 SW 145th Avenue | Miramar, FL | 104,494 | 62,582 | LPLP | ||||||||
11841 Newgate Blvd | Hagerstown, MD | 615,600 | 615,600 | LPLP | ||||||||
13621 NW 12th Street | Sunrise, FL | 106,910 | 37,209 | LPLP | ||||||||
2001 Summit Park Drive | Orlando, FL | 211,236 | 210,071 | LPLP | ||||||||
Total Unencumbered Projects | 52,161,040 | 46,497,614 |
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Address | City, State | Expiration Year | ||||
6500 NW 12th Avenue | Ft. Lauderdale, FL | 2034 | * | |||
6600 NW 12th Avenue | Ft. Lauderdale, FL | 2034 | * | |||
335 Commerce Drive | Fort Washington, PA | 2054 | ||||
7 Research Drive | Greenville, SC | 2070 |
* | w/two tenant-controlled renewal options which extend expiration until 2069 |
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COMMITMENTS AND COMMITMENT PERCENTAGES
LENDERS | COMMITMENT | COMMITMENT PERCENTAGE | ||||||
Bank of America, N.A. | $ | 45,500,000 | 9.10 | % | ||||
JPMorgan Chase Bank, N.A. | $ | 45,500,000 | 9.10 | % | ||||
Wells Fargo Bank, N.A. | $ | 41,000,000 | 8.20 | % | ||||
Citizens Bank of Pennsylvania | $ | 41,000,000 | 8.20 | % | ||||
SunTrust Bank | $ | 41,000,000 | 8.20 | % | ||||
PNC Bank, National Association | $ | 41,000,000 | 8.20 | % | ||||
Citibank N.A. | $ | 33,000,000 | 6.60 | % | ||||
UBS Loan Finance LLC | $ | 33,000,000 | 6.60 | % | ||||
The Bank of Nova Scotia | $ | 33,000,000 | 6.60 | % | ||||
Capital One, N.A. | $ | 33,000,000 | 6.60 | % | ||||
U.S. Bank National Association | $ | 33,000,000 | 6.60 | % | ||||
The Bank of Tokyo - Mitsubishi UFJ, Ltd. | $ | 25,000,000 | 5.00 | % | ||||
Emigrant Realty Finance, LLC | $ | 20,000,000 | 4.00 | % | ||||
People’s United Bank | $ | 20,000,000 | 4.00 | % | ||||
Chang Hwa Commercial Bank, Ltd., New York Branch | $ | 15,000,000 | 3.00 | |||||
Total | $ | 500,000,000 | 100.00 | % | ||||
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SCHEDULE 1.3
RELATED COMPANIES, GUARANTORS AND UNCONSOLIDATED ENTITIES
Related Companies
Kings Hill Estate Management Company Limited
Kings Hill Residential Estate Management Company Limited
Kings Hill Property Management Limited
**L/S One Crescent Drive, LP
L/S One Crescent Drive, LLC
**L/S Three Crescent Drive, LP
L/S Three Crescent Drive, LLC
**L/S 4775 League Island Blvd., LP
L/S 4775 League Island Blvd., LLC
**L/S 26th Street North, LP
L/S 26th Street North, LLC
**L/S 26th Street South, LP
L/S 26th Street South, LLC
Land Holdings Realty LLC
Liberty Lehigh Partnership
*Liberty Property Development Corp.
*Liberty Property Development Corp. II
Liberty Property Limited Partnership
*Liberty Property Philadelphia Limited Partnership
*Liberty Property Philadelphia Limited Partnership II
Liberty Property Philadelphia Limited Partnership IV West
*Liberty Property Philadelphia Limited Partnership V
*Liberty Property Philadelphia Limited Partnership VI
*Liberty Property Philadelphia Navy Yard Limited Partnership
Liberty Property Trust
Liberty Property/Synterra Limited Partnership
Liberty Venture I, LLC
*LP Malvern Limited Partnership
LP Malvern LLC
*Rivers Business Commons Associates Limited Partnership
Rouse Kent (Central) Limited
Rouse Kent (Residential) Limited
Rouse Kent Developments Limited
Liberty Property Philadelphia Navy Yard Corporation
Liberty Property Philadelphia Corporation V
Liberty Special Purpose Trust
Liberty Property Trust UK Limited
*Liberty 600 Industrial, G.P.
Liberty Property Philadelphia Trust
Liberty Property Philadelphia Corporation IV East
Liberty Property Philadelphia Corporation IV West
Rouse Kent (1 Tower View) Limited
*Liberty West Allis, LLC
Liberty Property Philadelphia Corporation
Liberty Property Philadelphia Trust VI
Liberty Illinois Venture, LLC
Liberty Deer Park, LLC
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Liberty Delaware, LLC
Liberty Cotton Center, LLC
Liberty Cotton Center II, LLC
Liberty Property Lux, LLC
*Annapolis Development, LLC
*9755 Patuxent Woods Drive Trust
*Perryman 159, L.L.C.
Liberty Stoneridge, LLC
Liberty Durham, LLC
Liberty Washington Venture, LLC
Republic Property TRS LLC
Liberty Property Trust Lux Sarl
Unconsolidated Entities
Cambridge Medipark Limited
Liberty Venture I, LP
Silversword Properties Limited
Kings Hill Unit Trust
Liberty/Commerz 1701 JFK Boulevard, L.P.
Liberty Illinois, LP
Liberty Washington, LP
Republic Park LLC
RKB CP IV LLC
RKB Lakeside Manager LLC
RKB Lakeside LLC
RKB Corporate Oaks LLC
RPT Presidents Park LLC
Presidents Park I LLC
Presidents Park II LLC
Presidents Park III LLC
RKB Pender LLC
RPLP I LLC
RPT 1425 Investors L.P.
RPT 1425 Holdings LLC
RPT 1425 New York Avenue LLC
RKB WillowWood Manager LLC
RKB WillowWood LLC
RPB WillowWood I LLC
RPB WillowWood II LLC
BVP II Sarl
Blythe Valley Innovation Centre Ltd.
BVP Management Co. Ltd.
*Guarantors
**Part of the Philadelphia Navy Yard
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LC Number | Beneficiary | Name | Original Amount | Amt O/S | Expiration Date | |||||||||||
68021728 | Commonwealth of PA | Shippensburg | $ | 1,422,547.00 | $ | 917,862.62 | 11/28/2010 | |||||||||
Total: | $ | 917,862.62 | ||||||||||||||
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1. | With respect to assets of the Borrower other than the Unencumbered Properties: Rights of others under leases, mortgages, deeds of trust, contracts, title exceptions, and other arrangements which do not, individually or in the aggregate, violate the terms of the Credit Agreement. |
2. | In the ordinary course of Borrower’s business, the Borrower sells properties. At any given time, properties, including Unencumbered Properties, may be subject to sales agreements. |
3. | The following properties are subject to ground leases: |
Property | Annual Payment | |||
2300 E. Parham | $ | 41,181 | ||
6500/6600 NW 12th Avenue | $ | 200,133 | ||
Salisbury Road Land | $ | 11,813 | ||
335 Commerce Drive | $ | 139,925 | ||
420 Delaware Dr. | $ | 174,000 | ||
Liberty Square Retail | $ | 258,608 | ||
151 S. Warner Road | $ | 18,000 | ||
7 Research Drive | $ | 56,250 | ||
One Crescent Drive | $ | 16,573 | ||
42 Kings Hill Ave. | 15% of the net cash flow to the building |
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1. | A trustee of Liberty Property Trust, Stephen B. Siegel, is Chairman of Global Brokerage Services of CB Richard Ellis, a full service real estate company. From time to time, the borrower utilizes the services of CB Richard Ellis. Any such transactions are entered into on an arms-length basis. Mr. Siegel remains an independent trustee of the Company under the rules of the NYSE. |
2. | A trustee of Liberty Property Trust, J. Anthony Hayden, is Managing Principal of Beacon Commercial Real Estate, LLC, a real estate brokerage firm. From time to time, the borrower utilizes the services of Beacon as a broker in leasing transactions. Any such transactions are entered into on an arms-length basis. Mr. Hayden remains an independent trustee of the Company under the rules of the NYSE. |
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1. | The Company owns: |
a. | The following qualified REIT subsidiaries: |
i. | Liberty Special Purpose Trust; | ||
ii. | Liberty Property Philadelphia Corporation; | ||
iii. | Liberty Property Philadelphia Trust; | ||
iv. | Liberty Property Philadelphia Corporation IV East; | ||
v. | Liberty Property Philadelphia Corporation IV West; | ||
vi. | Liberty Property Philadelphia Navy Yard Corporation; | ||
vii. | Liberty Property Philadelphia Corporation V; and | ||
viii. | Liberty Property Philadelphia Trust VI |
b. | A 99.9% general partnership interest in Liberty Lehigh Partnership |
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Schedule of Insurance As of August 4, 2010 Aon Risk Services Central, Inc. One Liberty Place 1650 Market Street Suite 1000 Philadelphia, PA 19103 (215) 255-2000 |
Page | ||||
1 | ||||
5 | ||||
6 | ||||
7 | ||||
8 | ||||
14 | ||||
15 | ||||
16 | ||||
17 | ||||
22 | ||||
22 | ||||
24 | ||||
Risk Services |
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Carrier: | Factory Mutual Insurance | Policy Number: | LR815 | |||
Company (FM Global) | ||||||
Term: | 12 Months | Expiration Date: | 5/1/2011 |
Limit: | $ | 750,000,000 | Blanket Real Property, Personal Property & Rental Income | |||
Sub-Limits: | 10,000,000 | Miscellaneous Unnamed Locations per Location | ||||
250,000,000 | Flood — Per Occurrence/AggregateexceptFlood Zone “A” “V” | |||||
100,000,000 | Flood Zone “A” or “V” | |||||
250,000,000 | Earthquake — Per Occurrence/Aggregate Excluding: New Madrid Seismic Zone and Pacific Northwest Seismic Zone | |||||
25,000,000 | Earth Movement — New Madrid Group A | |||||
2,500,000 | Earth Movement — New Madrid Group B | |||||
10,000,000 | Earth Movement — Pacific Northwest Zone A & B combined | |||||
Policy Limit | Named Storm Wind — Tier 1 | |||||
Named Storm Wind — Tier 2 | ||||||
Named Storm Wind — Counties VA & North | ||||||
100,000,000 | Accounts Receivable | |||||
100,000,000 | Automatic Coverage (90 day period) | |||||
Blanket Limit | Consequential Loss | |||||
25,000,000 | Contingent Time Element Extended | |||||
25,000,000 | Data, Programs and Software and Computer Systems, non physical damage combined | |||||
10,000,000 | Decontamination Costs | |||||
Policy Limit | Demolition & Increased Cost of Construction | |||||
Policy Limit | Debris Removal | |||||
100,000,000 | Deferred Payments | |||||
100,000,000 | Expediting Expense and Extra Expense Combined | |||||
365 Days | Extended Period of Indemnity | |||||
180 Days | Extended Period of Liability (Locations in Florida only) | |||||
10,000,000 | Errors and Omissions | |||||
Policy Limit | Equipment Breakdown | |||||
25,000,000 | Equipment Breakdown — Service Interruption PD/TE combined | |||||
25,000,000 | Equipment Breakdown — Data Restoration | |||||
100,000 | Equipment Breakdown — Newly Acquired Locations (90 days) | |||||
10,000,000 | Equipment Breakdown — Miscellaneous Unnamed Locations per Location | |||||
100,000,000 | Fine Arts | |||||
2,500,000 | Green Building Coverage | |||||
1,000,000 | Ingress and Egress (Not to Exceed 30 Days) |
Risk Services |
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50,000 | Land and Water Contaminant Cleanup, Removal and Disposal (aggregate) | |||||
100,000 | Land or fill eroded by Flood or by liquid escaping from piping (aggregate) | |||||
5,000,000 or 200% of Normal Cost (whichever is less) | Logistics Extra Costs (Not to Exceed 180 Days) | |||||
10,000,000 | Miscellaneous Personal Property per Location | |||||
10,000,000 | Off Premises Storage for Property under Construction per Location | |||||
50,000 | Professional Fees | |||||
25,000,000 | Service Interruption — PD and TE combined, but not to exceed $5mm combined for the lack of incoming or outgoing voice, data, and video service | |||||
10,000,000 | Soft Costs | |||||
100,000 | Trees replacement and debris removal combined (aggregate), but not to exceed $1,000 per tree | |||||
10,000,000 | Transit | |||||
100,000,000 | Valuable Papers and Records | |||||
Deductibles: | $5,000 | All Property Coverage Combined (Annual Aggregate deductible provision applies for losses between $5,000 and $50,000 contributing to a $300,000 Aggregate except for Named Windstorm where losses contribute to an aggregate of $225,000) | ||||
100,000 | Earthquake (with exception in New Madrid and Pacific Northwest Zones) | |||||
1% TIV; min. 100,000 per location | Earth Movement — New Madrid Group A | |||||
5% TIV; min. 250,000 per location | Earth Movement — New Madrid Group B | |||||
3% TIV; min. 100,000 per location | Earth Movement — Pacific Northwest Zone B | |||||
2% TIV; min. 100,000 per location | Earth Movement — Pacific Northwest Zone A | |||||
100,000 | Flood — Other Than Flood Zone “A” or “V” | |||||
500,000 | Flood — Flood Zone “A” or “V” (Per Location), Except a $100,000 Deductible (Per Location) Will Apply if Federal Flood Insurance Has Been Purchased | |||||
5% TIV; min. 100,000 per location | Wind Tier 1 | |||||
3% TIV; min. 100,000 per location | Wind Tier 2 |
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100,000 | Wind — Wind Counties in Virginia and North (Per Location Property Damage) | |||
2 Day Equivalent; min. 50,000 | Data, Program, Software & Computer Systems — non physical damage | |||
50,000 | CTE — Contingent Time Element | |||
100,000 | CTE — Earthquake | |||
100,000 | CTE — Flood | |||
5% TE Values; min. 100,000 per Location | CTE — Named Storm Wind — Tier 1 | |||
3% TE Values; min. 100,000 per Location | CTE — Named Storm Wind — Tier 2 |
Coverages: | • | All Risk Property Form, (Subject to Policy Exclusions) including Flood & Earthquake | ||
• | EDP Mechanical Breakdown | |||
• | Back-Up of Sewers & Drains Included Under the Flood Peril | |||
• | Boiler & Machinery | |||
• | Real & Personal Property — Values Reported at 100% | |||
• | Replacement Cost | |||
• | Appraised Value — Fine Arts | |||
• | Agreed Amount — Property Damage | |||
• | Actual Loss Sustained — Rental Income/Extra Expense | |||
• | Rental Income Values — Reported at 100% | |||
• | Agreed Amount — Rental Income/Extra Expense | |||
• | Excludes Mold/Biological Agents | |||
• | Date Recognition Exclusion | |||
• | 60 Day Notice of Cancellation or Non-Renewal Except 10 Days for Non-Payment of Premium |
Risk Services |
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Primary Carrier: | Landmark Insurance — $2,250,000 per occurrence ($4,500,000 Ann. Agg.) x/s $250,000 per occurrence Policy Number:LHD367195 | |
Excess Carriers: | Essex/Arch (50/50) — $2,750,000 per occurrence ($2,750,000 Ann. Agg.) x/s $2,500,000 per occurrence and $4,500,000 Ann. Agg. Policy Number:ESP6868 & ESP0003872100 | |
Axis — $2,500,000 per occurrence ($5,000,000 Ann. Agg.) x/s $5,000,000 per occurrence and $7,250,000 Ann. Agg. Policy Number:ECF75240110 | ||
Aspen — $2,500,000 per occurrence ($5,000,000 Ann. Agg.) x/s $7,500,000 per occurrence and $12,250,000 Ann. Agg. Policy Number:PXA4ABN10 | ||
Term: | 12 Months | |
Expiration Date: | 5/1/2011 | |
Deductible: | $250,000 Per Occurrence |
Coverages: | • | “Follow Form” FM Global | ||
• | Insures Locations in Florida and Texas | |||
• | Real & Personal Property — Values Reported at 100% | |||
• | Replacement Cost | |||
• | Agreed Amount — Property Damage | |||
• | Actual Loss Sustained — Rental Income/Extra Expense | |||
• | 60 Day Notice of Cancellation or Non-Renewalexcept10 Days For Non-Payment of Premium |
Risk Services |
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Carrier: | Travelers Property Casualty Co of America | |
Term: | 12 Months | |
Policy Number: | 660572A329 | |
Expiration Date: | 10/1/2010 |
Limits: | $ | 1,000,000 | Per Occurrence — Bodily Injury & Property Damage | |||
2,000,000 | General Aggregate Limit (Other Than Products & Completed Operations) | |||||
2,000,000 | Products & Completed Operations Aggregate | |||||
1,000,000 | Personal & Advertising Injury Liability | |||||
100,000 | Damage to Premises Rented to you | |||||
5,000 | Medical Expense Limit — Any One person | |||||
Limits: | Employee Benefits Liability | |||||
$ | 2,000,000 | Products & Completed Operations Aggregate | ||||
1,000,000 | Each Employee Limit |
Coverages: | • | Broadened Named Insured | ||
• | Blanket Waiver of Subrogation | |||
• | Includes Coverage for Liability Specified Projects | |||
• | Blanket Additional Insured — Lessor of Leased Equipment | |||
• | Personal Injury — Assumed by Contract | |||
• | Extended Bodily Injury | |||
• | Injury to Co-Employees and Co-Volunteer Workers | |||
• | Reasonable Force — Bodily Injury or Property Damage | |||
• | Contractual Liability (Oral or Written) | |||
• | Asbestos Exclusion | |||
• | Lead Exclusion | |||
• | Host Liquor Liability | |||
• | Discrimination Exclusion | |||
• | Per Location Aggregate (Premises Operations Only) capped at $50MM | |||
• | Excludes Mold/Biological Agents | |||
• | 60 Day Notice of Cancellation or Non-Renewal Except 10 Days for Non-Payment of Premium |
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Carrier: | Travelers Indemnity Company of America | |
Term: | 12 Months | |
Policy Number: | 810-5072A329 | |
Expiration Date: | 10/1/2010 |
Limits: | $ | 1,000,000 | Any one accident (Combined Single Limit Bodily Injury & Property Damage) | |||||
5,000 | Medical Payments | |||||||
1,000,000 | Uninsured Motorist/Underinsured Motorist | |||||||
50 | Rental Reimbursement Limit per day, up to 30 days | |||||||
50 | Towing per disablement(private passenger vehicles only) | |||||||
Deductibles: | $ | 500 | Comprehensive — for Light Vehicle & $1,000 for Trailers | |||||
1,000 | Collision |
Coverages: | • | Broad Form Named Insured | ||
• | Drive Other Car — Broadened Coverage for Named Individual | |||
• | Employees as Insureds | |||
• | Coverage Extension — Supplementary Payments | |||
• | Notice of and Knowledge of Occurrence | |||
• | Unintentional Errors or Omissions | |||
• | Mental Anguish | |||
• | Blanket Waiver of Subrogation | |||
• | Hired Car Worldwide Coverage Territory | |||
• | Lessor — Additional Insured and Loss Payee | |||
• | 60 Days Notice of Cancellation or Non-Renewal Except 10 Days for Non-Payment of Premium |
Risk Services |
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Carrier: | Travelers Casualty Insurance Co of America | |
Term: | 12 Months | |
Policy Number: | UB2549C214 | |
Expiration Date: | 10/1/2010 |
Limits: | Statutory | Workers’ Compensation Employers’ Liability | ||||||
$ | 1,000,000 | Bodily Injury by Accident (Each Accident) | ||||||
1,000,000 | Bodily Injury by Disease (Each Employee) | |||||||
1,000,000 | Bodily Injury by Disease (Policy Aggregate) |
Coverages: | • | Foreign Reimbursement Coverage | ||
• | Waiver of Our Right to Recover from Others Endorsement | |||
• | Voluntary Compensation and Employers Liability Coverage | |||
• | Foreign Terrorism | |||
• | Domestic Terrorism, Earthquake and Catastrophic Industrial Accidents Premium Endorsement (DTEC) |
Risk Services |
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Carrier: | Federal Insurance Company (Chubb) | Policy Number: | 79775139 | |||||||||
Term: | 12 Months | Expiration Date: | 10/1/2010 |
Limits: | $ | 25,000,000 | Per Occurrence | |||||
25,000,000 | Products & Completed Operations Aggregate | |||||||
50,000,000 | Excess Coverage Other Aggregate (as applicable) | |||||||
25,000,000 | Umbrella Coverage Other Aggregate | |||||||
25,000,000 | Advertising Injury & Personal Injury Aggregate |
General Liability | ||
Insurance Company: | Travelers Property Casualty Company of America | |
Policy Number: | 6305072A329 | |
Policy Period: | 10/1/09-10/1/10 |
$ | 1,000,000 | Per Occurrence — Bodily Injury & Property Damage | ||||||
2,000,000 | General Aggregate Limit (Other Than Products & Completed Operations) | |||||||
2,000,000 | Products & Completed Operations Aggregate ($50MM Cap) | |||||||
1,000,000 | Personal & Advertising Injury Liability | |||||||
1,000,000 | Employee Benefits Liability — Per Occurrence/Aggregate |
Insurance Company: | St. Paul Fire & Marine | |
Policy Number: | 810-5072A329 | |
Policy Period: | 10/1/09-10/1/10 |
$ | 1,000,000 | Combined Single Limit — Bodily Injury & Property Damage |
Insurance Company: | St. Paul Travelers | |
Policy Number: | UB-2579C214 | |
Policy Period: | 10/1/09-10/1/10 |
$ | 1,000,000 | Each Accident | ||||||
1,000,000 | Disease — Policy Limit | |||||||
1,000,000 | Disease — Each Employee |
Risk Services |
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Coverages: | • | Pay on Behalf | ||
• | Defense in Addition to Limits | |||
• | Excludes Real & Personal Property in Your Care, Custody or Control | |||
• | Asbestos, Lead & Nuclear Exclusions | |||
• | Absolute Pollution Exclusion (Except Hostile Fire & Building Heating Equipment) | |||
• | Excludes Mold/Biological Agents | |||
• | Retro Date 08/01/1998 | |||
• | 60 Day Notice of Cancellation or Non-Renewalexcept10 Days for Non-Payment of Premium |
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Carrier: | St. Paul Fire & Marine (Travelers) | |
Term: | 12 Months | |
Policy Number: | QI06400851 | |
Expiration Date: | 10/01/2010 |
Limits: | $ | 25,000,000 | Per Occurrence — Excess of $25,000,000 | |||||
25,000,000 | Aggregate | |||||||
25,000,000 | Products & Completed Operations Aggregate |
Coverages: | • | Pay on Behalf | ||
• | Defense in Addition to Limits | |||
• | Change of Limits Endorsement—Aggregate Limit Only Applies Once | |||
• | Asbestos, Lead & Nuclear Exclusions | |||
• | Absolute Pollution Exclusion (Except Hostile Fire) | |||
• | Employment Related Practices Exclusion | |||
• | Excludes Mold/Biological Agents | |||
• | 60 Day Notice of Cancellation or Non-Renewal except 10 Days for Non-Payment of Premium |
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Carrier: | American Guarantee & Liability (Zurich) | |
Term: | 12 Months | |
Policy Number: | AEC-9376767-06 | |
Expiration Date: | 10/01/2010 |
Limits: | $ | 25,000,000 | Per Occurrence — Excess of $50,000,000 | |||||
25,000,000 | Aggregate | |||||||
25,000,000 | Products & Completed Operations Aggregate |
Coverages: | • | Pay on Behalf | ||
• | Defense in Addition to Limits | |||
• | Excludes Real & Personal Property in Your Care, Custody or Control | |||
• | Cross Suits Exclusion | |||
• | Discrimination Exclusion | |||
• | Known Loss and Loss In Progress Exclusion | |||
• | Lead Exclusion | |||
• | Asbestos, Lead & Nuclear Exclusions | |||
• | Excludes Mold/Biological Agents | |||
• | Professional Services Exclusion | |||
• | War and Military Action Exclusion | |||
• | 60 Day Notice of Cancellation or Non-Renewal except 10 Days for Non-Payment of Premium |
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Carrier: | The American Insurance Co. (Firemen’s Fund Ins. Co.) | |
Term: | 12 Months | |
Policy Number: | SHX00071380083 | |
Expiration Date: | 10/01/2010 |
Limits: | $ | 50,000,000 | Per Occurrence — Excess of $75,000,000 | |||||
50,000,000 | Aggregate |
Coverages: | • | Pay on Behalf | ||
• | Defense in Addition to Limits | |||
• | War Liability Exclusion | |||
• | Silica Particles Exclusion | |||
• | Fungus/Bacteria Exclusion | |||
• | Violation of Statutes Exclusion | |||
• | 60 Day Notice of Cancellation or Non-Renewalexcept10 Days for Non-Payment of Premium |
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Carrier: | Ohio Casualty Insurance Company | |
Term: | 12 Months | |
Policy Number: | ECO5346237510 | |
Expiration Date: | 10/01/2010 |
Limits: | $ | 25,000,000 | Per Occurrence — Excess of $125,000,000 | |||||
25,000,000 | Aggregate |
Coverages: | • | Pay on Behalf | ||
• | Defense in Addition to Limits | |||
• | Excludes Mold/Biological Agents | |||
• | Care, Custody & Control Exclusion | |||
• | Electronic Distribution of Unsolicited material Exclusion | |||
• | Professional Liability Exclusion | |||
• | Cross Suits Exclusion | |||
• | Discrimination Exclusion | |||
• | 60 Day Notice of Cancellation or Non-Renewalexcept10 Days for Non-Payment of Premium |
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Carrier: | Greenwich Insurance Company (XL Group) | |
Term: | Three Years | |
Policy Number: | PEC000830902 | |
Expiration Date: | 12/31/2012 |
Limits: | $ | 10,000,000 | Each Loss, Remediation, or Legal Defense Expense | |||||
40,000,000 | Total for all Loss, Remediation, or Legal Defense Expense | |||||||
Deductible: | $ | 100,000 | Each Loss, Remediation, or Legal Defense Expense |
Coverages: | • | Bodily Injury and Legal Defense Expense for Lead Based Paint and Asbestos | ||
• | Business Interruption and Extra Expense including Loss of Rental Value | |||
• | Mold, Rot, or Other Fungi | |||
• | Underground Storage Tanks | |||
• | Multiple Contamination Exclusions |
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Carrier: | St. Paul Mercury Insurance Company (Travelers) | |
Term: | 12 Months | |
Policy Number: | EC03801060 | |
Expiration Date: | 7/16/2011 |
Limits: | $ | 3,000,000 | Each Policy Period | |||||
Retention: | $ | 5,000 | Indemnifiable Loss in each Claim |
Coverages: | • | Compliance Fee Coverage For Voluntary Compliance Program Endorsement Including the Tax Sheltered Annuity Voluntary Correction — $100,000 | |
• | Prior Litigation Date – 4/28/2000 — $1,000,000 | ||
• | Bilateral Discovery: 1 year at 75% | ||
• | HIPPA Extension Endorsement ($25,000 Sublimit) | ||
• | Coverage extended for civil penalties imposed by the Pensions Ombudsman of England and the Occupational Pensions Regulatory Authority of England | ||
• | Amended Hammer Clause– 20% co-insurance after the first settlement opportunity (Base policy does not provide coverage after first settlement opportunity) | ||
• | Amended Definition of Application– limits the definition of application to the application and attachments submitted for this policy | ||
• | Definition of Claim to include injunctive or non monetary relief | ||
• | Full Severability of the Application for Insured Persons and non rescindable coverage for Non Indemnifiable loss of an Insured Person | ||
• | Definition of Loss — expanded punitive damages to also include multiplied damages (with most favorable venue wording); And Coverage to include pre/post judgment interest. | ||
• | Personal profit exclusion amended to final judgment or other final adjudication– Base policy has ‘in fact’ language | ||
• | Notice of Claim Amended to knowledge of the Risk Manager, General Counsel or Executive Officer of the Sponsor Company | ||
• | Order of Payments– to first pay Non-Indemnifiable loss of an Insured Person | ||
• | Add “Pension Committees and their natural person members” as additional insureds |
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Carrier: | Lexington Insurance Company (Chartis/AIG) | |
Term: | 12 Months | |
Policy Number: | 084196696 | |
Expiration Date: | 7/16/2011 |
Limits: | $ | 2,000,000 | Each Claim | |||||
2,000,000 | Annual Aggregate | |||||||
Deductible: | $ | 50,000 | Each Claim, Deductible applies to defense |
Coverages: | • | Real Estate Services Limitations | |
• | Includes coverage for Notary Public | ||
• | Claims Made coverage |
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Carrier: | ARCH Insurance Company | |
Term: | 12 Months | |
Policy Number: | REI002251903 | |
Expiration Date: | 7/16/2011 |
Limits: | $ | 10,000,000 | Annual Aggregate | |||||
Deductible: | $ | 750,000 | SEC | |||||
250,000 | All Other |
Coverages: | • | Continuity Date – 6/19/1994 (Non-Entity EPLI – 4/18/01) | |
• | Pollution Exclusion Amended to provide coverage for Securities or Derivative Claims (Mold is included within the definition of Pollution) | ||
• | Mold Exclusion Amended to provide coverage for Securities or Derivative Claims | ||
• | Order of Payments to first pay Side A Loss | ||
• | Investigative Costs Coverage Endorsement (Including Reg FD Demands) – $250,000 Sublimit | ||
• | Non-Entity EPLI Coverage for Directors & Officers | ||
• | Definition of Officer amended to include General Counsel and Real Estate Counsel | ||
• | Severability of the Application – no materiality provision. Knowledge of individuals shall not be imputed to any other individuals, however the knowledge ofCEO or CFO onlyshall be imputed to the Company | ||
• | Amend Insured versus Insured Exclusion to provide an additional carveback for “Sarbanes-Oxley Whistle-blowing” | ||
• | Amend ‘Other Insurance’ Clause so that if Loss is covered by another ‘valid and collectible’ policy this policy shall apply excess | ||
• | Non-Rescindable Clause, ‘under no circumstance shall the Insurer be entitled to rescind the policy’ (expiring language was Side A Non-Rescindable language only) | ||
• | Amend Definition of Loss so that the Insurer will not assert that Section 11 or 12 Claim constitute uninsurable loss |
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• | State Amendatory Inconsistency endorsement so that if there is an inconsistency between the policy and the state amendatory the provisions most favorable to the Insured shall apply | ||
• | No Subrogation against any Insureds | ||
• | Employed Lawyers Extension | ||
• | Spousal / Domestic Partner Extension | ||
• | Worldwide Coverage Endorsement expanding to cover Insured versus Insured claims in non common law countries and to provide coverage for extradition costs | ||
• | Pro Rata Cancellation Clause in the event of a Credit Ratings Downgrade below A- | ||
• | Recognized payment of retention by DIC Insurer | ||
• | Amended Conduct Exclusions to final adjudication language. |
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Carrier: | Twin City Insurance Company (Hartford) | |
Term: | 12 Months | |
Policy Number: | US00H00300 0708 | |
Expiration Date: | 7/16/2011 |
Limits: | $ | 10,000,000 | Annual Aggregate Excess of $10,000,000 |
Coverages: | • | Prior and Pending Litigation Date – 6/19/94 | |
• | Simplified excess policy language, follows underlying and includes recognition of erosion of underlying by either insurer or Insured payments. |
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Carrier: | US Specialty Insurance Co (PIA — HCC) | |
Term: | 12 Months | |
Policy Number: | U710-60821 | |
Expiration Date: | 7/16/2011 |
Limits: | $ | 10,000,000 | Annual Aggregate Excess of $20,000,000 |
Coverages: | • | Prior and Pending Litigation Endorsement (Wording to follow primary language) 6/16/94 for the first $5m; 6/16/2004 for the next $5m | |
• | Delete Nuclear Incident Exclusion Clause | ||
• | Recognition of Erosion for Insured’s Actual Payment of Loss Endorsement | ||
• | Deletion of Representation Clause Endorsement, will rely on Primary Carrier Wording | ||
• | Amend Subrogation – final adjudication wording |
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Carrier: | ACE American Insurance Co | |
Term: | 12 Months | |
Policy Number: | DOX G24458379A 002 | |
Expiration Date: | 7/16/2010 |
Limits: | $10,000,000 Annual Aggregate Excess of $30,000,000 | |||
Coverages: | • | Prior and Pending Litigation Endorsement (6/16/04) | ||
• | Recognition of Erosion for Insured’s Actual Payment of Loss Endorsement | |||
• | Recognition of Erosion for Sublimits |
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Carrier: | Factory Mutual Insurance Company | Policy Number: | LR816 | |||
Term: | 12 Months | Expiration Date: | 5/1/2011 |
Limit: | $ | 1,000,000,000 | Blanket Real Property, Personal Property & Rental Income | |||
Sub-Limits: | 250,000,000 | Flood – Per Occurrence/AggregateexceptFlood Zone “A” “V” | ||||
250,000,000 | Earthquake – Per Occurrence/Aggregate Excluding: Alaska, California, Hawaii, New Madrid Seismic Zone and Pacific Northwest Seismic Zone | |||||
Blanket Limit | Demolition & Increased Cost of Construction | |||||
100,000,000 | Expediting Expense and Extra Expense Combined | |||||
100,000,000 | Accounts Receivable | |||||
100,000,000 | Deferred Payments | |||||
100,000,000 | Valuable Papers and Records | |||||
25,000,000 | Contingent Time Element Extended | |||||
25,000,000 | Data Programs and Software & Computer Systems – non physical damage | |||||
100,000,000 | Fine Arts | |||||
25,000,000 | Service Interruption – PD and TE combined, but not to exceed $5mm combined for the lack of incoming or outgoing voice, data, and video service | |||||
10,000,000 | Decontamination Costs | |||||
10,000,000 | Soft Costs | |||||
10,000,000 | Misc Personal Property per Location | |||||
10,000,000 | Off Storage Premise for Property under Construction per Location | |||||
10,000,000 | Transit | |||||
Blanket Limit | Debris Removal | |||||
50,000 | Professional Fees | |||||
50,000 | Land and Water Contaminant Cleanup (aggregate) | |||||
100,000 | Land or fill eroded by Flood or by liquid escaping from piping (aggregate) | |||||
30 Days | Ingress/Egress (Not to exceed 25,000,000) | |||||
365 Days | Extended Period of Indemnity | |||||
180 Days | Logistics Extra Cost (Not to exceed the lesser of a 5,000,000 or 200% of the Normal Cost |
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Deductibles: | $ | 50,000 | All Property Coverages Combined | |||
100,000 | Earthquake | |||||
100,000 | Flood – Other Than Flood Zone “A” or “V” | |||||
2 Days | Computer Systems- Non Physical Damage & Data, Programs or Software (Subject to a Minimum of 50,000) |
Coverages: | • | All Risk Property Form, (Subject to Policy Exclusions) Including Flood & Earthquake | ||
• | EDP Mechanical Breakdown | |||
• | Back-Up of Sewers & Drains Included Under the Flood Peril | |||
• | Boiler & Machinery | |||
• | Real & Personal Property – Values Reported at 100% | |||
• | Replacement Cost | |||
• | Appraised Value – Fine Arts | |||
• | Agreed Amount – Property Damage | |||
• | Actual Loss Sustained – Rental Income/Extra Expense | |||
• | Rental Income Values – Reported at 100% | |||
• | Agreed Amount – Rental Income/Extra Expense | |||
• | Excludes Mold/Biological Agents | |||
• | Date Recognition Exclusion | |||
• | 60 Day Notice of Cancellation or Non-Renewal Except 10 Days for Non-Payment of Premium |
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Carrier: | Indian Harbor (XL Group) | Policy Number: | PEC 17824 | |||
Term: | Three Years | Expiration Date: | 01/01/2011 |
Limits: | $ | 20,000,000 | Limit of Liability – Each Loss, Remediation Expense or Legal Defense Expense | |||
20,000,000 | Limit of Liability – total All Losses Remediation Expenses or Legal Defense Expenses | |||||
100,000 | Retention – Each Loss, Remediation Expense or Legal Defense Expense | |||||
Retroactive Dates: | 01/01/2005 | Coverage A (Pollution Legal Liability) | ||||
01/01/2005 | Coverage B (Remediation Legal Liability) |
Carrier: | Indian Harbor (XL Group) | Policy Number: | PEC 17825 | |||
Term: | 10 Years | Expiration Date: | 01/01/2015 |
Limits: | $ | 20,000,000 | Limit of Liability – Each Loss, Remediation Expense or Legal Defense Expense | |||
20,000,000 | Limit of Liability – total All Losses Remediation Expenses or Legal Defense Expenses | |||||
100,000 | Retention – Each Loss, Remediation Expense or Legal Defense Expense | |||||
Retroactive Dates: | 01/01/2005 | Coverage A (Pollution Legal Liability) | ||||
01/01/2005 | Coverage B (Remediation Legal Liability) |
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$[ ] | [Date] |
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LIBERTY PROPERTY LIMITED PARTNERSHIP | ||||||||
By: | LIBERTY PROPERTY TRUST, its general partner | |||||||
By: | ||||||||
Title: |
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Amount of | ||||||||||||||||||||||||||||||||||||
Loan | Interest | Amount of | Unpaid | |||||||||||||||||||||||||||||||||
Made | Period | Principal Repaid | Principal Balance | |||||||||||||||||||||||||||||||||
Prime | (If | Prime | Prime | Notation | ||||||||||||||||||||||||||||||||
Date | Rate | Eurocurrency Rate | Applicable) | Rate | Eurocurrency Rate | Rate | Eurocurrency Rate | Total | Made By | |||||||||||||||||||||||||||
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500 Chesterfield Parkway
Malvern, PA 19355
Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Re: | Loan Request under Second Amended and Restated Credit Agreement dated as of August 31, 2010. |
(A | ) | Principal amount requested | ||||||
(B | ) | Proposed Borrowing Date1 | ||||||
(C | ) | Interest Period2 | ||||||
(D | ) | Type of Borrowing3 |
1 | Shall be a Business Day at least (a) one (1) Business Day in the case of a Base Rate Loan, or (b) two (2) Business Days in the case of a Eurocurrency Rate Loan, in each case after the date hereof. | |
2 | For any Eurocurrency Rate Loan 1, 2, or 3 months. |
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Amount to be | Name, Account No., | |||
Transferred | Address, etc. | |||
$ | ||||
Attention: | ||||
Account No.: | ||||
$ | ||||
Attention: | ||||
Account No.: | ||||
Very truly yours, | ||||||
Liberty Property Limited Partnership | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
3 | The Borrower shall indicate whether the requested Borrowing is for a Base Rate Loan or Eurocurrency Rate Loan. |
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500 Chesterfield Parkway
Malvern, PA 19355
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LIBERTY PROPERTY LIMITED PARTNERSHIP | ||||||
By: | LIBERTY PROPERTY TRUST, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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500 Chesterfield Parkway
Malvern, PA 19355
Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Re: | Swingline Loan Request under Second Amended and Restated Credit Agreement dated as of August 31, 2010 |
(i) | Principal amount requested: $ | ||
(ii) | Proposed Borrowing Date: |
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Very truly yours, | ||||||
Liberty Property Limited Partnership | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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ASSIGNMENT AND ASSUMPTION
1. | Assignor: | |||||
2. | Assignee: | |||||
[and is an Affiliate/Approved Fund of 1] | ||||||
3. | Borrower: | Liberty Property Limited Partnership | ||||
4. | Agent: | Bank of America, N.A., as administrative agent under the Credit Agreement |
1 | Select Lender as applicable. |
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5. | Credit Agreement: | The Second Amended and Restated Credit Agreement, dated as of August 31, 2010, by and among Liberty Property Limited Partnership (the “Borrower”), Liberty Property Trust, Bank of America, N.A., the other lenders party thereto (the “Lenders”), and the Agent. | ||||
6. | Assigned Interest: |
Aggregate Amount of | ||||||||||||||||
Commitment/Loans | Percentage | |||||||||||||||
for all Lenders | Amount of | Assigned of | ||||||||||||||
(including any Letter | Commitment/Loans | Commitment/ | CUSIP | |||||||||||||
Facility Assigned | of Credit Draws)* | Assigned* | Loans2 | Number | ||||||||||||
Base Rate Loans | $ | $ | % | |||||||||||||
Eurocurrency Rate Loans | $ | $ | % | |||||||||||||
Competitive Bid Loans | $ | $ | % | |||||||||||||
Letter of Credit participations interest | $ | $ | % | |||||||||||||
Swingline Loan participations interest | $ | $ | % |
[7. | Trade Date: ___________]3 |
* | Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date. | |
2 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. | |
3 | To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. |
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ASSIGNOR [NAME OF ASSIGNOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
ASSIGNEE [NAME OF ASSIGNEE] | ||||
By: | ||||
Name: | ||||
Title: |
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Consented to and Accepted: BANK OF AMERICA, N.A., acting in its capacity as Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
BANK OF AMERICA, N.A., acting in its capacity as L/C Issuer | ||||
By: | ||||
Name: | ||||
Title: |
LIBERTY PROPERTY LIMITED PARTNERSHIP, | |||||||
By: | Liberty Property Trust, its general partner | ||||||
By: | |||||||
Title:]4 |
4 | To the extent required under the Credit Agreement. |
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ASSIGNMENT AND ASSUMPTION
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500 Chesterfield Parkway
Malvern, PA 19355
1 Fleet Way, 2nd Floor
(Fax: (800) 755-8743)
Scranton, PA 19507]
Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Re: | Letter of Credit Application under the Second Amended and Restated Credit Agreement dated as of August 31, 2010 |
(i) | Name and address of beneficiary: | ||
(ii) | Face amount: $ | ||
(iii) | Proposed Issuance Date: | ||
Proposed Expiration Date1: | |||
(iv) | Other terms and conditions as set forth in the proposed form of Letter of Credit attached hereto. | ||
(v) | Purpose of Letter of Credit: |
1 | Each Letter of Credit shall have an initial term of not more than one (1) year, and shall expire no later than fifteen (15) days prior to the Maturity Date, except as otherwise provided in the Credit Agreement. |
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Very truly yours, | ||||||
Liberty Property Limited Partnership | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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500 Chesterfield Parkway
Malvern, PA 19355
Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Re: | Competitive Bid Quote Request under Second Amended and Restated Credit Agreement dated as of August 31, 2010 |
Borrowing Dates | Amount requested1 | Interest Period |
1 | The Dollar amount of any requested Competitive Bid Loan shall be a minimum of $3,000,000 and integral multiples of $1,000,000. |
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Very truly yours, | ||||||
Liberty Property Limited Partnership | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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To: | Each Lender that is a party to the Second Amended and Restated Credit Agreement identified below | |
Re: | Invitation for Competitive Bid Quotes |
Requested Borrowing Date | Principal Amount | Interest Period |
Very truly yours, | ||||||
Bank of America, N.A., as Agent | ||||||
By: | ||||||
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Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Re: | Competitive Bid Quote to Liberty Property Limited Partnership |
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Maximum Principal Amount1 | ||||
$ | Interest Period | Competitive Bid Margin |
Very truly yours, [NAME OF LENDER] | ||||
By: | ||||
Name: | ||||
Title: |
1 | This Dollar amount shall be a minimum of $1,000,000 and an integral multiple of $500,000 and may be greater than the Commitment of the Quoting Lender. |
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NON-ACCEPTANCE OF COMPETITIVE BID QUOTE(S)
Bank of America Plaza
901 Main Street
TX1-492-14-05
Dallas, Texas 75202-3714
Attention: Betty Canales (Fax: (214) 290-8377)
Borrowing | Competitive Bid | Principal Amount | ||||||
Lender | Date | Margin | Interest Period | Accepted |
Borrowing | Competitive | Principal Amount | ||||||
Lender | Date | Bid Margin | Interest Period | Accepted | ||||
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Very truly yours, | ||||||
Liberty Property Limited Partnership | ||||||
By: | Liberty Property Trust, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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101 South Tyron Street, 15th Floor
NC1-002-15-36
Charlotte, North Carolina 28255
Attention: Kimberly D. Williams, Agency Management (Fax: (704) 409-0650)
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[Name of New Guarantor] | ||||
By: | ||||
Name: | ||||
Title: | ||||
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500 Chesterfield Parkway,
Malvern, PA 19355
Attention: Chief Financial Officer
1900 Market Street
Philadelphia, PA 19103
Attention: Michael Sherman, Esq.
101 South Tyron Street 15th Floor
NC1-002-15-36
Charlotte, North Carolina 28255
Attention: Kimberly D. Williams, Agency Management
Fax: (704) 409-0650)
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One Federal Street
Boston, Massachusetts 02110-1726
Attention: Stephen M. Miklus, Esq.
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GUARANTOR | ||||
By: | ||||
Name: | ||||
Title: | ||||
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LIBERTY PROPERTY LIMITED PARTNERSHIP | ||||||
By: | LIBERTY PROPERTY TRUST, its general partner | |||||
By: | ||||||
Name: | ||||||
Title: |
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Date | Amount of Loan | Amount of Principal Paid or Prepaid | Balance of Principal Unpaid | Notation Made By: |
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Effective Date: | ____________ ______, 201_____ | |||
[NAME OF DESIGNOR], as Designor | ||||
By: | ||||
Name: | ||||
Title: | ||||
[NAME OF DESIGNEE], as Designee | ||||
By: | ||||
Name: | ||||
Title: | ||||
Eurocurrency Lending Office (and address for notices): | ||||
[ADDRESS] |
of , 201_____
BANK OF AMERICA, N.A., as Agent | ||||
By: | ||||
Title: |
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