Roddy Inc. Industrial & Commercial Realtors

L-3 Communications Corporation's Telemetry - East (“L-3”) decided to expand its new one story 75,000 square foot state of the art office/light manufacturing/assembly and research and development facility at 1515 Grundy's Lane in I-95 Business Center at Keystone Park, Bristol Township, Bucks County, PA. to 85,000 square feet.

Frank Roddy, President of Roddy Inc., the Bensalem based industrial and commercial real estate brokerage firm, that was responsible for negotiating the original long term lease and also responsible for negotiating the expansion space advised that the long term lease calls for an aggregate rental in excess of $12,000,000.00.

Richard Braatz, L-3's President and Paul Altimore, Facilities Manager advised that the additional space was needed to accommodate operations that are being relocated from Ocala, Florida. Further they advised that the move from Newtown, Bucks County to the new facility has been completed and they have been able to retain all of their personnel. L-3 is a New York Stock Exchange Company and is rated as the number 725 company on the Fortune 500 list. The Telemetry Division employs approximately 265 in the new Bristol facility. L-3 is founded on the heritage of Aydin Telemetry and L-3 Microcom Division, world leading manufacturers and suppliers of Flight Test, Flight Certification and Telemetry Products and Systems. The combined strengths of these two companies provide nearly 100 years of design, engineering and manufacturing expertise, backed by over a two (2) billion dollar corporation, to offer the highest quality airborne data acquisition, signal conditioning, telemetry and ground support products. L-3's airborne telemetry and flight test products and systems gather and process critical information on board spacecraft, aircraft, missiles, guided weapons, targets, UAV's and ground vehicles. Data is recorded and/or transmitted by radio links to fixed or mobile receiving stations. These products are ruggedized for extreme environments. L-3's ground products receive, analyze distribute and display information collected. L-3's products are used in defense and aerospace programs such as aircraft and weapons development, flight test and satellite communications for space agencies including NASA. L-3' has sales in excess of $2.3 billion dollars.

Paul R. Rubincam, Senior Director of Leasing & Development of Liberty advised that the signing of the L-3 lease brings Liberty's 13.63 acre development at I-95 Business Center @ Keystone Park to 100% occupancy.

Headquartered in Bensalem Township, Bucks County, Pennsylvania, Roddy Inc. is a marketer, manager and developer of industrial and commercial real estate throughout eastern Pennsylvania and southern New Jersey. Their clients include regional, national and international companies and financial institutions. For more information about the company, visit the corporate website http://www.roddyinc.com

For further details, contact Frank Roddy at (215) 245-2600 or FAX (215) 245-2670.