MALVERN, Pa., Aug. 1, 2013 /PRNewswire/ -- Liberty Property Trust (NYSE:LRY) announced today the pricing of a public offering of 21,000,000 common shares at $36.00 per share. Liberty has also granted the underwriters a 30-day option to purchase up to an additional 3,150,000 common shares. Settlement of the offering will occur on August 7, 2013. Liberty expects to use the net proceeds from the offering of approximately $725.3 million, net of underwriting fees and estimated expenses, to fund a portion of the purchase price for the previously announced $1.475 billion acquisition of the operating partnership of Cabot Industrial Value Fund III. The closing of the offering is not conditioned upon the consummation of the acquisition. If the acquisition is not consummated, Liberty plans to use the net proceeds from the offering for working capital and general corporate purposes, including to repay borrowings under Liberty's credit facility. Citigroup, Goldman, Sachs & Co., BofA Merrill Lynch, and J.P. Morgan acted as joint book-running managers for the offering. The offering may be made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and prospectus relating to these securities may be obtained, when available, by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling toll-free 1-800-831-9146; or Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attn: Prospectus Department or by calling toll-free 1-866-471-2526. This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities, blue sky or other laws of any such state or other jurisdiction.