Comcast Renews 135,000 SF Lease with Piedmont Office Realty Trust

Jan 13, 2009
ATLANTA and CHICAGO, January 13, 2009 – Piedmont Office Realty Trust, Inc. today announced that Comcast Corporation has renewed its 135,000-square-foot lease at Windy Point I located at 1500 McConnor Parkway in Schaumburg, IL. Comcast, the nation's leading provider of entertainment, information and communication products and services, has held tenancy in the building for almost 10 years.

The tenant was represented by the team of Dave Berry, Fred Schuler, John Musgjerd and Sean Reynolds of Jones Lang LaSalle. Piedmont Office Realty Trust, owner of the property, was represented by Rob Lundin, also from Jones Lang LaSalle, and Joel Williamson of Piedmont.

“Cost optimization was the most important criteria in Comcast’s real estate decision,” said Mr. Berry. “We scoured the Northwest marketplace for the right combination of location and price. When we weighed all of our options, staying at Windy Point I provided the most cost effective and ideal location for the company. We were able to come to terms that worked well for both Comcast and Piedmont. It was a win-win situation.”

“Comcast is a highly valued tenant at the building,” said Mr. Williamson of Piedmont. “We are pleased that they chose to stay, validating the appeal of Windy Point I. The ideal location, coupled with the upscale amenities, makes it attractive for many types of businesses.”

About Piedmont: Piedmont Office Realty Trust is a public, non-traded REIT specializing in Class-A office properties. As of September 30, Piedmont owned 84 buildings, totaling more than 21 million square feet, in 23 states and Washington, D.C. Properties include the corporate headquarters of such organizations as U.S. Bancorp, NASA and Nestlé USA. Across the portfolio, Piedmont properties are approximately 92 percent leased. For more information, see

About Comcast: Comcast Corporation (Nasdaq: CMCSA, CMCSK) ( is the nation's leading provider of entertainment, information and communication products and services. With 24.4 million cable customers, 14.7 million high-speed Internet customers, and 6.1 million Comcast Digital Voice customers, Comcast is principally involved in the development, management and operation of broadband cable systems and in the delivery of programming content. Comcast's content networks and investments include E! Entertainment Television, Style Network, Golf Channel, VERSUS, G4, PBS KIDS Sprout, TV One, ten Comcast SportsNet networks and Comcast Interactive Media, which develops and operates Comcast's Internet businesses, including ( Comcast’s Greater Chicago Region, based in Schaumburg, Illinois, serves more than 2.1 million customers in several Illinois markets, including Chicago, Peoria, Springfield, Champaign, Rockford and Quincy, as well as South Bend, Indiana. Comcast employs more than 7,900 local residents across the region.
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