Liberty Property Trust, which announced last February that it will relocate its headquarters from Malvern to Wayne, is being pushed by activist investor Land & Buildings Investment Management to consider selling, writes Jon Harris for The Allentown Morning Call.

Land & Buildings, which owns less than a one percent stake in Liberty, has been urging company executives to explore a number of strategic options, including selling the company.

Liberty has refused to comment.

The news comes after Liberty said it would sell the remainder of its office portfolio and focus exclusively on industrial properties. The company has been reducing its suburban office holding for some time, most recently selling five office buildings in Arizona for $255 million. However, as the urban office segment has proven to be expensive, Liberty decided to sell its portfolios in Philadelphia, Washington, D.C., and the U.K.

“We continue to benefit from the dynamic and evolving logistics industry and robust demand for quality industrial space from users both large and small,” said Liberty Chairman and CEO Bill Hankowsky. “Consistent with the opportunities we see in the marketplace, we intend to complete our strategic shift by monetizing our remaining, high-quality office assets.”

Read more about Liberty Property Trust in The Allentown Morning Call here.

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