Financing ·
Piedmont Realty Trust acquired the 4075 Wilson Boulevard office building in Arlington, VA for $52.7 million and…
PDMPiedmont Realty Trust, Inc.
Piedmont Realty Trust acquired the 4075 Wilson Boulevard office building in Arlington, VA for $52.7 million and completed the sale of Royal Lane Land in Dallas for $12.0 million. The company also entered into a contract to sell additional office properties for approximately $80 million, expected to close in Q4 2026. Additionally, Piedmont announced a proposed private offering of $200 million in exchangeable senior notes due 2031, with proceeds intended to redeem outstanding 9.25% senior notes due 2028 and fund concurrent share repurchases. The company operates as a real estate investment trust focused on owning, managing, and developing Class A office properties.