Robert K. Wiberg to Join Piedmont
News Release Contact: Kerry Hughes, Piedmont
(770) 418 8678, Kerry.Hughes@Piedmontreit.com
ATLANTA, October 24, 2012 - Piedmont Office Realty Trust, Inc. (NYSE: PDM) today announced that Robert K. Wiberg, will be joining the company as its EVP for the Mid-Atlantic Region and Head of Development. Wiberg, who will report to Donald A. Miller, CFA, President & CEO for Piedmont, will be responsible for all leasing, property management, asset management, acquisitions and dispositions in the Mid-Atlantic Region, as well as all development projects nationwide. Piedmont's Mid-Atlantic Region is currently comprised of 3.1 million square feet of office space located primarily in the metropolitan Washington, D.C. area.
"I am pleased that Bob and I will be working together again," noted Miller. "He brings some of the best office leasing, asset management and development experience in our industry, particularly in the Washington, D.C. market." For the past six years, Wiberg served as EVP for the Metro Washington, D.C. region at Brandywine Realty Trust and also oversaw its California markets for a portion of that time. From 1997 to 2006, he was EVP for the Mid-Atlantic region for Prentiss Properties where he worked with Miller. Wiberg has had a long career focused on office leasing and development, including tenures at Cadillac Fairview and Coldwell Banker (now CBRE), garnering expertise in the Los Angeles, CA; Dallas, TX; and Atlanta, GA markets, among others. As a recognized industry leader, Wiberg has served on the Board of Directors of the Northern Virginia Chapter of NAIOP and currently serves on the board of the Arlington Partnership for Affordable Housing.
"Piedmont is an industry leader and one of the largest national players in the Class-A office sector," said Wiberg. "I believe I can contribute immediately to its growth and help build value for Piedmont's shareholders. Together, we can capitalize on the company's conservative, low-leverage balance sheet and reputation for being a premier landlord-of-choice for large corporate tenants."
Wiberg, 57, earned his B.A. from Cornell University, an MBA from the University of California at Berkeley, and a Master of City and Regional Planning degree from Harvard University. Wiberg, along with his wife Laura and two daughters, will continue to live and work in the Washington D.C. area, where they have resided since 1988.
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 September 30, 2012, Piedmont's 74 wholly-owned office buildings were comprised of approximately 20.5 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 transacting $5.9 billion and $1.7 billion in property acquisitions and dispositions, respectively, during its fourteen year operating history. For more information, see www.piedmontreit.com.