Piedmont Office Realty Trust
Philadelphia Commercial Real Estate Wrap-Up – May 2020
Independence Blue Cross to buy $360 million tower. University City project comes to a halt. Catch up on our May list of Philadelphia must-knows.
Dallas Galleria Office Towers Trade for $396M
The 1.4 million-square-foot, three-building portfolio last changed ownership in 2015 for $300 million.
Piedmont Wraps Up Atlanta Tower Collection
The REIT’s latest purchase brings a portfolio of trophy office assets under single ownership for the first time.
Skender Completes Interior Build-Out for Corix
The 30,000-square-foot office space is located at 500 W. Monroe St. in downtown Chicago and will house approximately 70 employees.
Top 10 Office Transactions in Atlanta
Transaction activity during the first five months of 2019 was dominated by suburban office properties. The Buckhead, Galleria and Alpharetta submarkets attracted the most investor interest.
Piedmont Office Realty Expands in Atlanta With $95M Buy
The REIT acquired Galleria 100, a Class A office tower in The Galleria master-planned community in northwest Atlanta, near Sun Trust Park and the Cobb-Galleria Convention Center.
Saban Sells, Buys $600M in Office Assets
The investment firm sold a 1.5 million-square-foot national portfolio and, as part of its strategy to acquire government-occupied properties, purchased a 340,000-square-foot building in Washington, D.C.
Piedmont Sells DC Office Asset for $170M
The Class A, nine-story property’s tenant roster includes several government tenants. The previous owner renovated the building five years ago.
Piedmont Expands Boston Portfolio With $74M Acquisition
The REIT also sold a Glendale, Calif.-based office property, sticking to its strategy of selling select non-core and mature assets at low yields and reinvesting proceeds into strategic markets.
Bridge Investment Inks 168 KSF Renewal, Extension at MD Office Property
The Henry M. Jackson Foundation signed a long-term lease to occupy 168,000 square feet, adding an additional 22,000 square feet to its previous lease at SkyBridge Towers in Bethesda, Md.
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