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Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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):  03/22/2011
 
Piedmont Office Realty Trust, Inc.
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-34626
 
MD
  
58-2328421
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
11695 Johns Creek Parkway
Suite 350
Johns Creek, GA 30097-1523
(Address of principal executive offices, including zip code)
 
770-418-8800
(Registrant’s telephone number, including area code)
 
(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:
[  ]   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))
 

 
Item 7.01.    Regulation FD Disclosure
 
On March 22, 2011, Piedmont Office Realty Trust, Inc. (the "Registrant") mailed the letter to stockholders attached as Exhibit 99.1 to this current report on Form 8-K. Pursuant to the rules and regulations of the Securities and Exchange Commission, such exhibit and the information set forth therein are deemed to have been furnished and shall not be deemed to be "filed" under the Securities Exchange Act of 1934.
 
 
Item 8.01.    Other Events
 
On March 22, 2011, the Registrant issued a press release announcing that it has entered into an agreement to purchase a property located at 1200 Enclave Parkway in Houston, Texas. The press release is attached hereto as Exhibit 99.2 and incorporated herein by reference.

 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
Piedmont Office Realty Trust, Inc.
 
 
Date: March 22, 2011
     
By:
 
/s/    Laura P. Moon
               
Laura P. Moon
               
Chief Accounting Officer
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
EX-99.1
  
Q1 2011 Letter to Stockholders
EX-99.2
  
Press Release dated March 22, 2011
Piedmont Office Realty Trust In Position to Acquire Class-A Houston Property

Piedmont Office Realty Trust In Position to Acquire Class-A Houston Property

ATLANTA and HOUSTON, March 22, 2011 - Piedmont Office Realty Trust (NYSE: PDM) announced today that it has entered into an agreement to purchase 1200 Enclave Parkway, a Class-A property located in Houston's prestigious Energy Corridor.

Piedmont plans to acquire 1200 Enclave Parkway for approximately $18.5 million with an anticipated close date of March 30, 2011. The 149,654 square-foot building was constructed in 1999 and is approximately 18% leased. Jeff Hollinden of Holliday Fenoglio Fowler, L.P. is representing the seller in the transaction.

"This acquisition demonstrates Piedmont's strategy to source value-add opportunities at an attractive basis in select markets," said Wil Stone, Senior Vice President, Capital Markets for Piedmont. "We feel that the improving dynamics in the energy sector has led to improving leasing activity, which ideally positions us to benefit from Houston's continued economic upswing in the foreseeable future," added Stone.

The acquisition will complement Piedmont's existing ownership of 1430 Enclave Parkway, a fully leased 312,564 square foot, Class-A property, and an adjacent land parcel, consisting of approximately 4.7 acres, available for development. Both are located in the prominent Enclave office park positioned in the heart of Houston's Energy Corridor.

About Piedmont: Piedmont Office Realty Trust is a public REIT specializing in Class-A office properties, located primarily in the ten largest U.S. office markets. As of December 31, 2010, Piedmont owned 75 office buildings, as well as two industrial properties and seven investments in unconsolidated joint ventures. The 75 wholly-owned office properties are located in 19 metropolitan areas across the United States and comprise over 20 million square feet. At December 31, 2010, Piedmont's office properties were 89.2 percent leased. The Company is headquartered in Atlanta, Georgia with regional property management offices in Boston, Chicago, Dallas, Detroit, Los Angeles, Minneapolis, Tampa and Washington, D.C. For more information, see www.piedmontreit.com.

Contact: Kerry Hughes

Company: Piedmont Office Realty Trust

Phone: + 1 770 418 8678

Email: Kerry.Hughes@Piedmontreit.com