Piedmont Office Realty Trust, Inc. Prices Offering of Class A Common Stock

Feb 9, 2010
ATLANTA, Feb 9, 2010 (GlobeNewswire via COMTEX) -- Piedmont Office Realty Trust, Inc. ("Piedmont") has priced its public offering of 12,000,000 shares of its Class A common stock at $14.50 per share. Piedmont's Class A common stock is expected to begin trading on February 10, 2010 on the New York Stock Exchange under the ticker symbol "PDM." The underwriters have a 30-day option to purchase up to an additional 1,800,000 shares from Piedmont.

Piedmont intends to use the net proceeds it receives from the offering for general corporate and working capital purposes, including capital expenditures related to renewal of leases and re-letting of space, the acquisition and development of (and/or investment in) office properties or, if market conditions warrant, repayment of debt or repurchase of outstanding shares of our common stock.

Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. are serving as joint book running managers for the offering, with Wells Fargo Securities, LLC, BMO Capital Markets Corp., Morgan Keegan & Company, Inc., RBC Capital Markets Corporation and Scotia Capital (USA) Inc. acting as co-managers.

The offering is only being made by means of a prospectus, a copy of which may be obtained by contacting either Morgan Stanley & Co. Incorporated, at 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, by emailing prospectus@morganstanley.com, or by calling toll free at (866) 718-1649, or J.P. Morgan Securities Inc., via Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at (866) 803-9204.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on February 9, 2010. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration and qualification under the securities laws of any such state or jurisdiction.

Information about Piedmont is available on the Internet at www.piedmontreit.com.

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

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Piedmont Office Realty Trust

CONTACT:  Piedmont Office Realty Trust, Inc.
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