UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) May 28, 2010

 

 

Piedmont Office Realty Trust, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Maryland		001-34626		58-2328421
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

11695 Johns Creek Parkway, Ste 350, Johns Creek, Georgia 30097

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number, including area code (770) 418-8800

 

 

 

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01. Other Events

On May 28, 2010, the Registrant issued a press release announcing the completion of two lease extensions in its metro Boston properties, along with plans to open a regional management office to service its Boston portfolio. The press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

 

(d)

Exhibit:

 

Exhibit No.		Description
99.1		Press Release, dated May 28, 2010.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: May 28, 2010

Exhibit 99.1

News Release

 

Piedmont Office Realty Trust Extends Leases in Metro Boston –

Announces Plans for Regional Office in Cambridge

ATLANTA and BOSTON, May 28, 2010 – Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced the completion of two lease extensions in its metro Boston properties, along with plans to open a regional management office to service its Boston portfolio.

A Boston-based financial services institution completed a 10-year lease extension for 234,668 square feet at Piedmont’s 1200 Crown Colony Drive in Quincy, MA. The tenant was represented by Andy Majewski of CB Richard Ellis – N.E. Partners. The owner was self-represented by Damian Miller, Vice President and George Wells, Senior Vice President of Piedmont Office Realty Trust.

Additionally, Advanced Micro Devices (AMD) expanded its premises by 22,094 square feet for a five year term and extended the primary lease of 110,763 square feet for two additional years at Piedmont-owned 90 Central Street in Boxborough, MA. The transaction brings this Class-A building, located in the I-495 North submarket, to 91% occupancy and just under 15,000 square feet available for lease.

“We are excited to complete these lease transactions with such prestigious tenants in our portfolio. The ability to extend our relationship with two quality end-users furthers our desire to make Boston a strategic growth market for the company,” said George Wells, Senior Vice President for Piedmont.

Aligning with its focus on the Boston metropolitan region, Piedmont also announced its plans to open a regional management office in Cambridge and the recent hiring of Senior Property Manager, Paul Newman, to head up this initiative. “We are pleased to welcome Paul to our team,” commented C.A. “Bo” Reddic, Executive Vice President of Real Estate Operations. “He brings 20 years of experience in property and asset management in the Boston real estate market, providing us confidence that we can accomplish our goal of growing our portfolio platform in this region.”

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.

 

Contact:		Kerry Hughes
Phone:		+ 1 770 418 8678
Email:		Kerry.Hughes@Piedmontreit.com