Leadership in Sustainable Development

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a/o 6.12.08 page 1 As a participant in the Leadership in Energy and Environmental Design LEED Green Building Rating System of the U.S. Green Building Council, Liberty s developments have earned awards for environmental sensitivity and achieved solid economic returns not only in the development phase but throughout the operating phase to benefit the tenants that inhabit these spaces. In energy savings alone, the US Green Building Council has proven that a LEED certified building saves 25% over traditional building operations; LEED Silver earns 35% savings and LEED Gold and Platinum earn as much as 45% savings. Liberty currently has 34 LEED projects completed or under construction, more than any other commercial developer in the US. The Plaza at PPL, Allentown, PA This 8-story, 252,000 square foot facility which has earned LEED Gold certification is a cost effective, environmentally wise and inspiring, healthy workplace for PPL s 600 employees. It received The Urban Land Institute s 2004 Award for Excellence and the American Institute of Architect s Top Ten Green Buildings Award for 2004. One Independence Point, Greenville, SC LEED registered for Silver certification One Independence Point, Greenville, SC One Independence Point was selected as one of 65 pilot projects for LEED-EB (Existing Buildings) by the U.S. Green Building Council and is targeted for LEED Silver Comcast Center, Philadelphia, PA The new, 58-story headquarters for Comcast Corporation designed to achieve LEED Silver certification is the tallest green building in the US with state-of-the-art energy systems and easy access to public transportation so crucial to an urban site. Comcast Center, Philadelphia, PA LEED Registered One Crescent Drive, Philadelphia, PA Designed by Robert A. M. Stern, this 4-story building has achieved LEED Platinum certification with its green housekeeping programs, reducing energy use by 50% and water use by 30% over typical office buildings its size and recycling construction waste. Three Crescent Drive, Philadelphia, PA This new, 95,000 square foot office building is designed to meet LEED Gold certification and features light harvesting techniques such as a four-story, day-lit atrium and 10-foot ceilings for expansive daylight views. 8501 East Raintree Drive, Scottsdale, AZ This 123,000 square foot 3-story office building, developed for The Vanguard Group, is the first commercial building in Scottsdale and utilizes photovoltaic cells to generate energy and incorporates abundant daylighting techniques. One Crescent Drive, Philadelphia, PA LEED Platinum certified

a/o 6.12.08 page 2 420 Delaware Drive, Ft. Washington, PA Working in partnership with its tenant, McNeil Consumer Healthcare, on its new 75,000 square foot office building, Liberty achieved LEED Silver certification for Core & Shell of the building and McNeil achieved LEED Silver certification for Commercial Interior, a testament to this unique partnership s commitment to high sustainable design, construction and fit out. 777 Township Line Road, Yardley, PA This redevelopment salvaged an existing manufacturing facility, turning it into a modern, 110,000 square foot office development enabling it to achieve LEED Silver 3701 Corporate Parkway, Center Valley, PA This new 75,000 square foot office building earned LEED Silver certification under the LEED Core & Shell Pilot Rating System and is also registered under the LEED Fundamental Building Systems Commissioning designation to ensure that sustainable design systems are operating at maximum efficiency one year after move-in date. 420 Delaware Avenue, Ft. Washington, PA Liberty IV at Park Place, Milwaukee, WI A 30,000 square foot build-to-suit for the GSA-Department of Defense achieved LEED certification by reducing potable water use by 50% and recycling over 75% of construction waste among many other sustainable design features. 245 South Executive Drive, Brookfield, WI Converting 10,000 square feet of two-story covered parking into additional office space resulted in a new 3-story, 65,000 square feet office building which earned LEED Silver 330 Fellowship Drive, Mt. Laurel, NJ Replacing an antiquated building, this 108,000 square foot office development will be designed to achieve LEED Gold certification for responsible redevelopment and creating smart open green space. 8501 East Raintree Drive, Scottsdale, AZ Butler Plaza III, Jacksonville, FL This four-story, 80,000 square foot office building is be designed to achieve LEED certification and includes such high-performance features as waterless urinals, carbon dioxide monitors and a highly reflective TPO roof membrane as well as low emission paints and carpets. Bull Ridge Distribution Center, Greensboro, NC This 341,000 square foot distribution center is the first speculative warehouse to be registered for LEED Core and Shell certification and the first in the nation to earn LEED Silver It will reduce water consumption by 30% and by onsite recycling divert over 75% of construction waste from landfills. Liberty IV at Park Place, Milwaukee, WI LEED certified

a/o 6.12.08 page 3 Boca Colonnade II, Boca Raton, FL One of the first LEED registered projects in Boca Raton, this 4-story, 100,000 square foot office building, will offer a state-of-the-art air cooled chiller/vav system. JohnsonDiversey Distribution, Sturtevant, WI A global leader in environmentally responsible cleaning products, JohnsonDiversey partnered with Liberty to develop a high performance, 550,000 square foot warehouse which is and won the national 2007 NAIOP (National Association of Industrial and Office Properties) Green Development Award. Independence Place, Chesapeake, VA This 75,000 square foot office building, is targeted for LEED Silver certification and will include enhanced daylight views, certified renewable woods, waterless urinals, lowflow shower heads and sensor faucets, water efficient landscaping, high energyefficient HVAC equipment with special filters and carbon dioxide monitors, a highly reflective white TPO roof membrane to enhance cooling, as well as low emission paints, carpet and adhesives. 777 Township Line Road, Yardley, PA Seven Independence Point, Greenville, SC This 83,000 square foot, 3-story Class A office building achieved LEED Silver certification and features energy-efficient glazing, state-of-the-art telecommunications, a designated recycling room, bicycle racks, preferred parking spaces for hybrid vehicles, motion sensors for lights and low-flow water faucets and waterless urinals. Westerre IV, Richmond, VA A 78,000 square feet Class A office building registered for LEED Silver certification, this location will encourage alternate transportation, recycling and re-use of building materials while minimizing storm water runoff and water use through extensive native landscaping. JohnsonDiversey Distribution, Sturtevant, WI Liberty Three, Chesapeake, VA, Liberty Three earned LEED Silver certification and features energy-efficient glazing, waterless urinals, a designated recycling room, bicycle racks and preferred parking spaces for hybrid vehicles. 3701 Corporate Parkway, Center Valley, PA

a/o 6.12.08 page 4 Fallbrook Distribution Center, Houston, TX A state-of-the-art 615,000 square foot warehouse offering cross-dock loading, 32 clear height, 53 wide column spacing and 180 truck courts which will pursue LEED certification with high performance features such as a highly reflective white TPO room membrane, low emission paints, carpets and adhesives, CO2 monitors and an ongoing green cleaning program. Liberty Plaza, Eden Prairie, MN This 120,000 square feet, 4-story Class A office building includes a high tech HVAC system, CO2 monitors, motion-light sensors, water-efficient fixtures and walking trails designed to earn LEED Legacy Park A and B, Tampa, FL These two Class A office buildings will offer single story and multi-story space with energy efficient tilt wall construction and reflective glass exteriors designed to achieve LEED 1129 N. 20th Street NW, Washington, DC Updating this existing building in downtown Washington to LEED standards and adding two, light-filled floors and an atrium is targeting this exciting renovation for LEED Gold The Plaza at PPL Center, Allentown, PA PHH Mortgage, Jacksonville, FL This 150,000 square foot build-to-suit office building for PHH Mortgage earned LEED certification. The building includes a white TPO roofing system to reduce cooling loads in a climate where cooling is critical. Liberty Corporate Preserve I, Oak Creek, WI This 44,000 square foot, Class A, single story office building featuring 11 ceilings for generous daylighting capacity and water efficient operations reducing consumption by 50% is designed to achieve LEED Silver Certification. Liberty Corporate Preserve II, Oak Creek, WI A 68,500 square foot speculative warehouse incorporating a highly efficient building envelope with reflective white TPO roof membrane to reduce energy consumption and clerestory windows lining the dock wall to increase daylighting in the warehouse interior targeting it for LEED Silver Liberty III, Chesapeake, VA Caliber Ridge Industrial Park, Greer, SC 125 Caliber Drive,designed to achieve LEED certification, is the first of five flex buildings planned for this new, 800,000 square foot park offering warehouse, distribution and light manufacturing space. Green features will include CO2 sensors to safequard indoor air quality, low-voc adhesives, sealants, paints and reflective white roofs to reduce solar heat gain. Bull Ridge Distribution Center, Greensboro, NC

a/o 6.12.08 page 5 Central Green 9, Houston, TX This 64,000 square foot industrial building is registered for LEED Silver certification by not only including numerous environmentally sensitive and high-performance features but also maintaining the building with a green cleaning program using environmentally friendly cleaning solutions. 7625 Smetana Lane, Lake Smetana, Eden Prairie, MN This 56,000 square foot office building was on a unique site with beautiful views of Lake Smetana and, before it was completed, was chosen as the headquarters for Compellent Technologies. It includes sustainable features such as native, low/no irrigation plantings, state-of-the-art HVAC systems and motion sensors on lights and water faucets earning it LEED Gold Central Green 9, Houston, TX Registered for LEED Silver certification 8451 Willard Drive, Breinigsville, PA This 920,400 square foot warehouse is the first LEED registered industrial building in the Lehigh Valley, and is designed to achieve LEED Silver It is an excellent example of sustainable development incorporating brownfield redevelopment, outstanding stormwater control, innovative waste water technologies and extremely high performing energy systems. 4631 Woodland Corporate Boulevard, Tampa, FL This 3-story, 90,000 square foot office building is designed for LEED Gold certification which touches on virtually every aspect of the building s operation, such as water conservation, indoor air quality and tenant exposure to natural light. It also addresses recycling of building materials during the construction process, namely concrete, broken glass and gypsum from drywall. Native plant and turf that require less or no watering will also be used around the building, departing from customary commercial landscaping that requires continuous watering. Liberty at Hunters Green II, Building 1, Hagerstown, MD This 544,100 square foot, Class A bulk distribution facility is part of a 143-acre, 1.7 million square foot distribution center, Hunters Green II, which will be designed to achieve LEED In addition to many high performance energy and lighting features, Hunters Green II is situated within an extensive inter-modal transportation system of highways, railroads, ports and airports that easily move people and products to and from vital markets. Lake Smetana, Eden Prairie, MN 4631 Woodland Corporate Boulevard, Tampa, FL LEED Registered