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January 3, 2014
08:02 EDTPDMPiedmont Office Realty purchases Class-A office property in TX, sells AZ asset
Piedmont Office Realty Trust announced that it completed two transactions at year end. First, it purchased 161 Corporate Center, a Class-A office building in Irving, TX on December 30, 2013. On the same day, Piedmont closed on the sale of 8700 South Price Road in Tempe, AZ. The acquisition of the high quality Texas asset closely follows Piedmont's recent purchases of two other properties in the Dallas market, including 6565 MacArthur Boulevard, which is also located in Las Colinas. The sale of 8700 Price Road, a 132,070 square foot office property, was part of the company's ongoing strategy of recycling capital into its concentration and opportunistic markets. The property is 100% leased to Avnet and is located on a ground lease in the Arizona State University Research Park in Tempe, AZ. The sale price was $21.5M.
News For PDM From The Last 14 Days
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July 29, 2015
17:23 EDTPDMPiedmont Office Realty sees FY15 FFO $1.58 - $1.62, consensus $1.60
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17:22 EDTPDMPiedmont Office Realty reports Q2 FFO 39c, consensus 39c
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July 21, 2015
16:55 EDTPDMPiedmont Office Realty enters into binding agreement to sell Aon Center
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