Deutsche Bank Renews at Piedmont's 2 Gatehall Drive in Parsippany, NJ
ATLANTA - September 28, 2011 - Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced the completion a 7+ year lease renewal with Gemini Technology Services, Inc. (a wholly owned subsidiary of Deutsche Bank AG), at its 2 Gatehall Drive property in Parsippany, NJ.
Deutsche Bank, a leading provider of financial services globally, renewed a 204,515 square-foot lease at Piedmont's 2 Gatehall Drive, where it has been located since 2002.
Marion Brady, Ken Siegel and Tom Reilly of Jones Lang LaSalle represented the tenant in the transaction. Piedmont's Alex Valente and George Wells facilitated negotiations on behalf of the company.
"We are very pleased to retain such a valuable and highly regarded tenant in our portfolio," said George Wells, Senior Vice President for Piedmont. "We appreciate the efforts of all involved to complete this renewal and look forward to continuing a positive and collaborative working relationship with Deutsche Bank and its affiliates in the years ahead," added Wells.
About Piedmont: Piedmont Office Realty Trust, Inc. (NYSE:PDM) is a fully-integrated and self-managed real estate investment trust (REIT) specializing in high-quality, Class A office properties located primarily in the ten largest U.S. office markets, including Chicago, Washington, D.C., New York, Dallas, Los Angeles and Boston. As of June 30, 2011, Piedmont's 79 wholly-owned office buildings were comprised of approximately 22 million rentable square feet. The Company is headquartered in Atlanta, GA with local management offices in each of its major markets. Investment-grade rated by Standard & Poor's and Moody's, Piedmont has maintained a low-leverage strategy while acquiring over $5.8 billion in properties since 1998. For more information, see www.piedmontreit.com.
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