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Stock Market & Financial Investment News

News Breaks
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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October 21, 2014
10:00 EDTPDMOn The Fly: Analyst Initiation Summary
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07:36 EDTPDMPiedmont Office Realty initiated with a Neutral at SunTrust
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October 20, 2014
07:10 EDTPDMPiedmont Office Realty executes 684,000 square feet of leasing in Q3
Piedmont Office Realty Trust announced that it executed approximately 684,000 square feet of total leasing, including 389,000 square feet of previously unoccupied space - the second highest quarter of new, unoccupied leasing on record for the firm. The Company also completed the purchase of one strategic asset in the Q3 of 2014.

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