Piedmont Completes Sale of One Lincoln Park
Piedmont Office Realty Trust, Inc. Class A (PDM)
Last piedmont office realty trust, inc. class a earnings: 4/29 04:30 pm
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US:NYSE Investor Relations:
investor.piedmontreit.com/investor-relations
Company Research
Source: GlobeNewswire
Atlanta, March 20, 2024 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. ("Piedmont") ("Company") (NYSE:PDM), an owner of Class A office properties located primarily in the Sun Belt, announced today that it has completed the sale of One Lincoln Park, located at 8401 North Central Expressway in Dallas, TX for $54 million, or $210 per square foot, in an all-cash transaction to a financial institution who plans to use the building as its headquarters. The building is a 10-story, approximately 257,000-square foot, office building which was 59% leased at the end of fourth quarter 2023. The net proceeds from the sale were used to pay off the approximately $50 million remaining balance of the Company’s 2024 Senior Unsecured Notes that mature in March. Commenting on the transaction, C. Brent Smith, Piedmont’s President, and Chief Executive Officer, said, “We are pleased to harvest the value in a high-quality asset through the disposition of One Lincoln Park to an all-cash buyer. Pr
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PDM
Earnings
- 2/7/24 - In-Line
PDM
Sec Filings
- 4/10/24 - Form DEFA14A
- 3/14/24 - Form DEFA14A
- 3/14/24 - Form DEF
- PDM's page on the SEC website