Liberty Property Trust grabs Palm Beach County site

Liberty CEO William Hankowsky
Liberty CEO William Hankowsky

A company tied to Liberty Property Trust picked up about 69 acres of commercial land in Palm Beach County.

The Malvern, Pa.-based real estate investment trust paid $12 million for a four-property site northwest of Southern Boulevard and North Jog Road, according to Palm Beach County records. The county recorded the transaction on Wednesday. No financing was recorded.

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Southern Investments Partnership of Jupiter sold the land to Liberty. Robert Blatt signed the deed as the company’s president. It acquired one of the four parcels, a 10.7-acre property, from the county for more than $1 million in December 2013.

Palm Beach Atlantic University sold Southern Investments the other three properties for about $4.6 million in July 2012. — Eric Kalis