Piedmont Office Realty Trust Inc. sold 8700 Price Road for $21.5 million.
January 03, 2014 at 09:30 am IST
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Piedmont Office Realty Trust Inc. (NYSE:PDM) sold 8700 Price Road for $21.5 million on December 30, 2013. In a related transaction Piedmont Office Realty acquired 161 Corporate Center, a Class-A office building in Irving, TX on December 30, 2013.
Piedmont Office Realty Trust Inc. (NYSE:PDM) completed the sale of 8700 Price Road on December 30, 2013.
Piedmont Office Realty Trust, Inc. is a fully integrated, self-managed real estate investment trust (REIT). The Company is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The Company conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). It owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. It has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Companyâs portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.
PIEDMONT OFFICE REALTY TRUST, INC. 
