{"id":11961,"date":"2024-07-07T14:50:34","date_gmt":"2024-07-07T19:50:34","guid":{"rendered":"https:\/\/1reason.com\/re\/piedmont-reit-signs-over-575000-sf-of-leases-during-april-and-may-2024\/11961\/"},"modified":"2024-07-08T09:50:34","modified_gmt":"2024-07-08T14:50:34","slug":"piedmont-reit-signs-over-575000-sf-of-leases-during-april-and-may-2024","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/piedmont-reit-signs-over-575000-sf-of-leases-during-april-and-may-2024\/11961\/","title":{"rendered":"Piedmont REIT signs over 575,000 SF of Leases During April and May 2024"},"content":{"rendered":"<div> The Company will be noting that it has completed over 575,000 square feet of leasing thus far in the second quarter of 2024, with approximately 60% of this total leased square footage related to new tenants and bringing year-to-date leasing volume to approximately 1.1 million square feet. The largest lease completed thus far in the second quarter was for the relocation of Travel + Leisure Co\u2019s (NYSE:TNL) headquarters to Piedmont\u2019s 501 W Church Street property in downtown, Orlando. Other noteworthy leases completed during the second quarter included an extension for Ryan, Inc. at Three Galleria Tower in Dallas, TX, and the renewal of the International Food Policy Research Institute at 1201 Eye Street in Washington, D.C.  <\/p>\n<p>\u201cWe are thrilled with the strong start to the second quarter,\u201d said C. Brent Smith, Piedmont\u2019s President and Chief Executive Officer. \u201cExecuting over 575,000 square feet of leasing in the first two months of the quarter puts us on track for a very strong leasing quarter and increases our backlog of future cash revenue related to leases that either have yet to commence or are still in abatement to approximately $52 million annually. Even better news is that our leasing pipeline remains robust, further bolstering our confidence in meeting our 2024 leasing goals.\u201d<\/p>\n<p><strong>About Piedmont Office Realty Trust<\/strong><\/p>\n<p>Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, redeveloper, and operator of high-quality, Class A office properties located primarily in the Sunbelt. Its approximately $5 billion portfolio is currently comprised of approximately 16 million square feet. The Company is a fully integrated, self-managed real estate investment trust (REIT) with local management offices in each of its markets and is investment-grade rated by S&amp;P Global Ratings (BBB-) and Moody\u2019s (Baa3). Piedmont is a 2024 ENERGY STAR Partner of the Year \u2013 Sustained Excellence. For more information, see <a href=\"http:\/\/www.piedmontreit.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.piedmontreit.com\">www.piedmontreit.com<\/a>.<\/p>\n<p align=\"justify\">Contact:   Laura Moon<br \/>Company: Piedmont Office Realty Trust<br \/>Phone:    770 418 8800<br \/>Email:    Investor.relations@Piedmontreit.com<\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/N2FhZDlkMWYtNGRjNS00NmQ2LThkMzktNDBmY2YyMGYyNjg1LTEwMjIxMjM=\/tiny\/Piedmont-Office-Realty-Trust-I.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Brings YTD leasing to Approximately 1.1 million SF<\/p>\n<p>Atlanta, June 03, 2024 (GLOBE NEWSWIRE) &#8212; Piedmont Office Realty Trust, Inc. (&#8220;Piedmont\u201d or \u201cthe Company&#8221;) (NYSE:PDM), an owner of Class A office properties located primarily in the Sunbelt, announced today, that the Company will be participating at this week\u2019s NAREIT Investor Conference in New York City.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11961"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=11961"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11961\/revisions"}],"predecessor-version":[{"id":11973,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/11961\/revisions\/11973"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=11961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=11961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=11961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}