Farnsworth Avenue Corridor - City of Aurora
Farnsworth Avenue Corridor - City of Aurora
Farnsworth Avenue Corridor - City of Aurora
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Strategic Plan Update<br />
EXPANSION AND RETENTION<br />
Liberty to Extend Green Footp<br />
High-Performance Industrial D<br />
Liberty Property Trust<br />
(NYSE:LRY), which owns and<br />
manages more than 4.6 million<br />
square feet <strong>of</strong> industrial space in the<br />
Chicago metro area, broke ground on<br />
a 463,636 square foot distribution<br />
building designed to meet LEED<br />
standards.<br />
The new LEED CS (Leadership<br />
in Energy & Environmental Design<br />
on Core and Shell) building, at 900<br />
Bilter Road at Liberty Business<br />
Center, will occupy 25.6 acres at the<br />
heart <strong>of</strong> one <strong>of</strong> the most dynamic<br />
distribution hubs in the nation.<br />
“The <strong>Aurora</strong>/I-88 submarket is<br />
proving a very resilient market in<br />
this economy,” said Donald<br />
Schoenheider, vice president and<br />
city manager, Liberty Property Trust,<br />
“with increased fuel prices and<br />
production costs, companies value<br />
the logistical efficiencies this market<br />
<strong>of</strong>fers.<br />
As a national leader in the<br />
development <strong>of</strong> high performance<br />
green buildings, Liberty has found<br />
that they not only help the<br />
environment, but they also create<br />
people-friendly work atmospheres<br />
that can have a substantial positive<br />
impact on employees resulting in<br />
higher productivity and lower worker<br />
turnover. At the same time, energy<br />
efficiency and operational savings<br />
improve the tenants’ bottom line.<br />
Green buildings are the future <strong>of</strong><br />
development.”<br />
The new distribution center will<br />
be the sixth building constructed at<br />
the master planned Liberty Business<br />
Center <strong>Aurora</strong> which currently<br />
includes 2,479,019 square feet.<br />
Existing facilities range in size from<br />
203,092 square feet to<br />
697,367 square feet.<br />
With its first five<br />
buildings 94% leased,<br />
Liberty Business Center<br />
<strong>Aurora</strong>, located 35<br />
miles from the Chicago<br />
loop, provides excellent<br />
visibility and efficient<br />
access to the I-88<br />
corridor at <strong>Farnsworth</strong><br />
<strong>Avenue</strong>. The <strong>Aurora</strong><br />
location, in addition to<br />
the adjacent Liberty<br />
Business Center North<br />
<strong>Aurora</strong>, provides one<br />
day access to two thirds<br />
<strong>of</strong> the U.S. consumer<br />
market.<br />
About Liberty<br />
Property Trust<br />
Liberty Property<br />
Trust (NYSE:LRY),<br />
headquartered in<br />
Malvern, PA, is<br />
dedicated to enhancing<br />
people’s lives through<br />
extraordinary work<br />
environments. The real<br />
estate investment trust<br />
(REIT) serves<br />
customers in the<br />
– 16 –<br />
United States and United Kingdom<br />
through the development,<br />
acquisition, ownership and<br />
management <strong>of</strong> superior <strong>of</strong>fice and<br />
industrial properties. Liberty's 75<br />
million square foot portfolio <strong>of</strong>fers<br />
Liberty Property Trust broke ground for Building #4 in<br />
Liberty Business Center located at 900 Bilter Road.<br />
Mayor Tom Weisner (second from left), AEDC’s Business<br />
Development Coordinator Chris Beykirch (left) and <strong>City</strong><br />
<strong>of</strong> <strong>Aurora</strong> Plan Examiner Mike Buenger (right) were<br />
pleased to join Liberty Property Trust Vice President and<br />
<strong>City</strong> Manager Donald Schoenheider (second from right)<br />
for the groundbreaking ceremony.
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