Department of Defense Renews 221,000 SF Lease With Piedmont Office Realty Trust
ATLANTA, Sept. 1, 2009 (GLOBE NEWSWIRE) -- Piedmont Office Realty Trust, Inc. announced today that the General Services Administration has renewed its lease at 3100 Clarendon Blvd in Arlington, VA on behalf of the Department of Defense (DOD). The DOD agency, which has occupied space in the building for the past 11 years, will continue its tenancy in 221,084 SF through 2018.
The tenant was represented by Henry Chapman of CB Richard Ellis. Piedmont Office Realty Trust, owner of the property, was represented by Marcy Owens Test of Jones Lang LaSalle and Ken Mulrane of Piedmont.
"We are very pleased that the Department of Defense has chosen to remain in our Arlington property," said Ken Mulrane, Vice President for Piedmont Office Realty Trust. "This renewal, occurring shortly after the Food & Drug Administration's renewal at 9200 Corporate Blvd. in Rockville, MD, further demonstrates our strategic focus of serving the GSA in the D.C. Metro area," added Mr. Mulrane.
"The U.S. Government remains a significant and valued tenant in our portfolio," said George Wells, Senior Vice President for Piedmont. "Nationally, a compilation of various federal agencies account for approximately 1.6 Million SF of leased space in our total portfolio."
About Piedmont: Piedmont Office Realty Trust is a public, non-traded REIT specializing in Class-A office properties. As of June 30, 2009, Piedmont owned 84 buildings, including 8 joint venture interests. The wholly-owned portfolio totals approximately 21 million square feet, in 22 states and Washington, D.C. Properties include the corporate headquarters of such organizations as U.S. Bancorp, NASA and Nestle USA. Across the portfolio, Piedmont properties are approximately 90 percent leased. For more information, see www.piedmontreit.com.
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CONTACT: Piedmont Office Realty Trust, Inc. Kerry Hughes + 1 770 418 8678 Kerry.Hughes@Piedmontreit.com
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