2013-07-22 13:03:01 -
ATLANTA - July 22, 2013 - Piedmont Office Realty Trust (NYSE: PDM) announced
today that it secured 738,119 square feet of total leasing transactions in the
second quarter of 2013.
Significant leasing highlights for the quarter included:
Phoenix, AZ - Avnet, Inc. completed a 132,070 square foot, 8+ year lease
renewal through 2024 at 8700 South Price Road in Tempe, AZ.
Minneapolis, MN - A large, global conglomerate signed a 115,754 square foot, 5-
year lease renewal through 2019 at Piedmont's Crescent Ridge II property,
located at 10900 Wayzata Boulevard in Minnetonka, MN.
Cleveland, OH - TMW Systems, Inc., the leading provider of enterprise software
to transportation and logistics companies, completed a 57,911 square foot, 11-
year new lease through 2024 at Piedmont's Eastpoint I property, located at 6085
Parkland Boulevard in
Mayfield Heights, OH.
Orange County, CA - Conexant Systems, Inc., the leading provider of solutions
for imaging, audio, embedded modem, and video surveillance applications, signed
a 44,984 square foot, 7+ year new lease through 2020 at 1901 Main Street in
Chicago, IL - Aon Corporation completed a 31,702 square foot, 15-year lease
expansion at Aon Center, the 83-story East Loop tower that bears its name, at
200 East Randolph Street in Chicago, IL. The lease, which commences in
December 2013, now totals 428,108 square feet and expires in 2028.
Dallas, TX - Epsilon Data Management, LLC signed a 27,938 square foot, 5-year
new lease through 2018 at 6031 Connection Drive in Irving, TX.
Additionally, the following lease transaction was completed just subsequent to
June 30, 2013:
Philadelphia, PA - Independence Blue Cross completed a full-building, 800,695
square foot lease extension through 2033 at Piedmont's 45-story trophy tower,
located at 1901 Market Street in downtown Philadelphia, PA.
"We are encouraged by the volume of leasing activity we realized in the first
half of 2013," said C.A. "Bo" Reddic, IV, Executive Vice-President of Real
Estate Operations for Piedmont. "As the competition for tenants remains strong,
we are pleased to be extending relationships with reputable tenants such as
Independence Blue Cross, Avnet, and Aon, while also welcoming new tenants such
as TMW Systems, Conexant Systems, and Epsilon Data Management. We believe our
success is largely a testament to the quality of our buildings and superior
operational capabilities of our property management teams," added Reddic.
About Piedmont: Piedmont Office Realty Trust, Inc. (NYSE: PDM) is a fully-
integrated and self-managed real estate investment trust (REIT) specializing in
high-quality, Class A office properties located primarily in the ten largest
U.S. office markets, including Chicago, Washington, D.C., New York, Boston, Los
Angeles and Dallas. As of June 30, 2013, Piedmont's 74 wholly-owned office
buildings were comprised of nearly 21 million rentable square feet. The Company
is headquartered in Atlanta, GA, with local management offices in each of its
major markets. Piedmont is investment-grade rated by Standard & Poor's and
Moody's and has maintained a low-leverage strategy while acquiring and disposing
of properties during its fifteen year operating history. For more information,
Contact: Kerry Hughes
Company: Piedmont Office Realty Trust
Phone: 1 770 418 8678
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Source: Piedmont Office Realty Trust, Inc. via Thomson Reuters ONE