{"id":1004124904,"date":"2015-08-07T11:03:17","date_gmt":"2015-08-07T19:03:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357227"},"modified":"2022-12-07T03:02:48","modified_gmt":"2022-12-07T11:02:48","slug":"piedmont-exits-cleveland","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/","title":{"rendered":"Piedmont Exits Cleveland"},"content":{"rendered":"<p style=\"text-align: justify\"><em>Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright  wp-image-357228\" title=\"Eastpoint\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\" alt=\"Eastpoint\" width=\"149\" height=\"180\" \/><\/a><a href=\"https:\/\/www.piedmontreit.com\">Piedmont Office Realty Trust<\/a> has left Cleveland and the Northeast Ohio market. The Atlanta-based REIT sold its last two remaining properties in the area in a transaction which closed on July 28.<\/p>\n<p style=\"text-align: justify\">Piedmont announced the sale in a recently released activity report for the second quarter of the year. The Eastpoint I &amp; II office buildings in Mayfield Heights were sold for a total of $18.5 million, or about $108 per square foot. Although the REIT did not disclose the name of the buyer, the two properties currently appear listed on <a href=\"https:\/\/www.foundersproperties.com\">Founders Properties LLC<\/a>\u2019s website, as the Minnetonka, Minn.-based company\u2019s latest investments.<\/p>\n<p style=\"text-align: justify\">Eastpoint I &amp; II offer about 171,000 square feet of space. They were constructed in 2000, at 6085 and 6095 Parkland Blvd., in the Landerhaven Corporate Center. According to <a href=\"https:\/\/www.propertyshark.com\">PropertyShark<\/a>, Piedmont purchased them in 2003, from Best Property Fund LP, for a little less than $22 million. The same real estate website notes that the market value of the two office buildings is currently $18.5 million, the same as the selling price.<\/p>\n<p style=\"text-align: justify\"><em>Photo credit: <\/em><a href=\"https:\/\/www.piedmontreit.com\"><em>Piedmont Office Realty Trust<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Piedmont Office Realty Trust has left Cleveland and the Northeast Ohio market. The Atlanta-based REIT sold its last two remaining properties in the area in a transaction which closed on July 28.<\/p>\n","protected":false},"author":1316,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21742],"tags":[],"class_list":["post-1004124904","post","type-post","status-publish","format-standard","hentry","category-cleveland","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Piedmont Exits Cleveland - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Piedmont Exits Cleveland\" \/>\n<meta property=\"og:description\" content=\"Piedmont Office Realty Trust has left Cleveland and the Northeast Ohio market. The Atlanta-based REIT sold its last two remaining properties in the area in a transaction which closed on July 28.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-07T19:03:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T11:02:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\" \/>\n<meta name=\"author\" content=\"adriancpe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/\",\"name\":\"Piedmont Exits Cleveland - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\",\"datePublished\":\"2015-08-07T19:03:17+00:00\",\"dateModified\":\"2022-12-07T11:02:48+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1da14292e8270807b2d0bdfd97bb4ef9\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/#primaryimage\",\"url\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\",\"contentUrl\":\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/08\/Eastpoint.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Piedmont Exits Cleveland\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1da14292e8270807b2d0bdfd97bb4ef9\",\"name\":\"adriancpe\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a34f16bb6f34139c0fa3dca5aa64734ad2ead0fcec7ae8d38910077df7e8ece8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a34f16bb6f34139c0fa3dca5aa64734ad2ead0fcec7ae8d38910077df7e8ece8?s=96&d=mm&r=g\",\"caption\":\"adriancpe\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriancpe\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Piedmont Exits Cleveland - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/piedmont-exits-cleveland\/","og_locale":"en_US","og_type":"article","og_title":"Piedmont Exits Cleveland","og_description":"Piedmont Office Realty Trust has left Cleveland and the Northeast Ohio market. 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