Pricing Supplement dated June 2, 1998 Rule 424(b)(2) (To Prospectus dated January 7, 1998 and File No. 333-43267 Prospectus Supplement dated January 12, 1998) LIBERTY PROPERTY LIMITED PARTNERSHIP Medium-Term Note - Fixed Rate Face Amount: $100,000,000 Issue Price: 100.0% Interest Rate: 6.60% Interest Payment Dates: March 15, September 15 Regular Record Dates: March 1, September 1 Stated Maturity Date: June 5, 2002 Denominations (if other than $1,000 and integral multiples thereof) N/A Trade Date: June 2, 1998 Original Issue Date: June 5, 1998 Net Proceeds to Issuer: $99,550,000 Agents' Commission: $450,000 Names of Agents: Lehman Brothers Inc. Donaldson, Lufkin & Jenrette Securities Corporation J.P. Morgan Securities Inc. UBS Securities LLC Agents acting in the capacity indicated below: [X] As Agents [ ] As Principals Reoffering at: [ ] varying prices related to prevailing market prices at the time of resale [ ] fixed public offering price of % of face value Day Count Convention: [X] 30/360 [ ] Actual/360 [ ] Actual/Actual [ ] Other (see attached) Redemption: [X] The Notes cannot be redeemed prior to the Stated Maturity Date. [ ] The Notes can be redeemed prior to Stated Maturity Date. Initial Redemption Date: Initial Redemption Percentage: % Annual Redemption Percentage Reduction: % until Redemption Percentage is 100% of the Principal Amount. Repayment: [X] The Notes cannot be repaid prior to the Stated Maturity Date. [ ] The Notes can be repaid prior to the Stated Maturity Date at the option of the holder of the Notes. Optional Repayment Date(s): Repayment Price: % Original Issue Discount: [ ] Yes [X] No Total Amount of OID: N/A Yield to Maturity: N/A Initial Accrued Period: N/A Form: [X] Book-entry [ ] Certificated