“Our focus has been on balancing our presence in the 85 Corridor by buying and developing buildings primarily in Raleigh and Charlotte,” Flippin says. “We also have buildings in Greensboro and Greenville. We want to take advantage of great fundamentals throughout the region.”

Crosspoint Center is 90% leased. Larger tenants in the park include Sygma, MEDIC, Lagasse, Flexalloy, Diagnostic Devices and Brooks Equipment. About 102,000 square feet remains available for lease. Flippin says he felt comfortable with the rental rates in the complex, especially given the replacement costs and the barriers to entry in the submarket.

In November, Liberty will break ground on a 156,000-square-foot warehouse land it acquired over the summer. The project is a build-to-suit development for Huntersville-based American Tire Distributors. The company signed a long-term lease for the building.

Perimeter West II is designed to achieve LEED certification and will feature sustainable construction, including innovative storm water design and T5 warehouse lighting. Liberty will also complete a 7,000-square-foot build out of office space for the tenant within the facility. The building is scheduled for delivery in the summer of 2012.