This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Piedmont Office Realty Trust Signs Two New Leases For Over 70,000 SF In Dallas Market

ATLANTA and DALLAS, June 29, 2010 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. (NYSE:PDM) today announced the completion of two new lease transactions, totaling 71,703 square feet at its 6031 Connection Drive property in Irving, TX. 

A global leader in the enterprise software industry completed a new 7-year lease for 55,760 square feet at Piedmont's property in the well-known Las Colinas submarket of suburban Dallas. The tenant was represented by Matthew Miller, Kathy Porter, and Greg Langston of CresaPartners. The owner was represented by Anthony Bolner and Rebecca Rambie of Stream Realty Partners.

Additionally, National Semiconductor, a world leader in power management, signed a new lease for 15,943 square feet at the property. Van Power and David Schrock of NAI Robert Lynn represented National Semiconductor in the transaction, while Stream Realty's team of Rebecca Rambie and Anthony Bolner represented Piedmont.

"We are pleased to welcome two distinguished tenants to our property in metropolitan Dallas and are confident that they will be satisfied with their corporate presence in the much-desired Las Colinas submarket," said Damian Miller, Vice President for Piedmont Office Realty Trust.

"Dallas has traditionally been and continues to be a significant market for Piedmont," added Joe Pangburn, Senior Vice President of Piedmont's Western Region. "The ability to expand an existing relationship with one tenant, while adding National Semiconductor as a new tenant, demonstrates our strategy to attract and retain premier tenants on a national basis."

The two companies will join existing tenants, Archon Group and mobile phone giant, Nokia, at The Commons of Las Colinas business park. Piedmont owns and manages three buildings in the Las Colinas park, one of which serves as the North American headquarters for Nokia.

About Piedmont: Piedmont Office Realty Trust is a public REIT specializing in Class-A office properties. As of March 31, 2010, Piedmont owned 73 office buildings, as well as two industrial and eight investments in unconsolidated joint ventures. The 73 wholly-owned office properties are located in 19 states and the District of Columbia and comprise approximately 20 million square feet. On March 31, 2010, Piedmont's office properties were 89.6 percent leased. For more information, see www.piedmontreit.com .

The Piedmont Office Realty Trust logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5769

CONTACT:  Piedmont Office Realty Trust
          Kerry Hughes
          + 1 770 418 8678
          Kerry.Hughes@Piedmontreit.com

Piedmont Office Realty Trust Logo

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.35 +6.61 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs