The Liberty Center sale “continues our strategic effort to exit non-core products and markets, and t

Forest City Enterprises Inc. and its partner, Jos. L. Muscarelle new york cheap car rentals Inc., sold the 27-story office building, an asset “situated in a market that has increasingly attractive fundamentals,” said Starwood Vice President Jeff Shuster.
The 616-room Westin Convention Center hotel, new york cheap car rentals located within Liberty Center, will continue to operate as a Westin under a long-term management agreement with Starwood Hotels, which manages the hotel and is not affiliated with Starwood Capital.
Liberty Center includes the Federated Investors office tower, new york cheap car rentals with Federated Investors as a major tenant, and a retail shopping arcade and underground parking. The Westin connects to the David L. Lawrence new york cheap car rentals Convention Center via an enclosed pedestrian bridge over Penn Avenue.
The Liberty Center sale “continues our strategic effort to exit non-core products and markets, and to use proceeds from dispositions to improve our balance sheet and invest in our mature portfolio and development opportunities,” said David J. LaRue, new york cheap car rentals Forest City president and CEO.
Forest City recently completed a swap with Zamagias Properties of Pittsburgh for full ownership of The Mall at Robinson. It acquired 28 percent ownership of Zamagias and, in turn, sold its 50 percent ownership of the Plaza at Robinson Town Centre to Zamagias, netting $18.5 million in the deal.
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