Piedmont Office Realty Trust Signs Long-Term Full Building Lease with Gartner, Inc. in Dallas Market
November 13 2017 - 6:30AM
ATLANTA and DALLAS - November 13,
2017 - Piedmont Office Realty Trust, Inc. (NYSE:PDM)
announced today that the world's leading research and advisory
company, Gartner, Inc., has completed a 152,086 square foot, 15+
year full building new lease through 2034 at 6011 Connection Drive
in Irving, TX - located within the desirable submarket of Las
Colinas. The property is one of ten total properties
representing approximately 2.1 million square feet of Class-A
office space owned by Piedmont in the greater Dallas
market.
The Cushman & Wakefield team of Andy May,
Randy Cooper, Matt Heidelbaugh, and Amber Roberts represented the
tenant in the transaction. Joel Pustmueller and Sarah Hinkley
of Peloton Commercial Real Estate, along with Joe Pangburn and
Damian Miller of Piedmont, facilitated negotiations on behalf of
the owner.
"We are extremely pleased to welcome an
industry-leading company such as Gartner to our portfolio of
tenants," said Joe Pangburn, Executive Vice President for Piedmont.
"Completing a new lease of this size speaks to the quality
and attributes of our property, as well as the demand for the
amenity-rich Las Colinas submarket," added Pangburn.
About Piedmont Office
Realty Trust:
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner,
manager, developer, and operator of high-quality, Class A office
properties in select submarkets located primarily within eight
major Eastern U.S. office markets. Its geographically-diversified,
over $5 billion portfolio is comprised of approximately 19 million
square feet. The Company is a fully-integrated, self-managed real
estate investment trust (REIT) with local management offices in
each of its major markets and is investment-grade rated by Standard
& Poor's (BBB) and Moody's (Baa2). For more information, see
www.piedmontreit.com.
Contact:
Kerry Hughes
Company:
Piedmont Office Realty Trust
Phone:
1 770 418 8800
Email:
investor.relations@Piedmontreit.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Piedmont Office Realty Trust, Inc. via
Globenewswire
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