

We found out
late yesterday that Pa.-based Liberty Property Trust is making its Atlanta
industrial debut by buying a massive portfolio of properties from Cabot Properties. The company announced late yesterday that it plans to buy the operating partnership of Cabot Industrial Value Fund III
for $1.4B, including
assuming $230M in outstanding mortgage debt. The deal means Liberty gets control of Cabot's
2.2M SF Atlanta industrial portfolio under that fund, the
second largest market for it outside of Chicago's 3.2M SF, according to company filings with the SEC. With this pic, we're showing Liberty the skyline so it can memorize the layout before it arrives.