An undisclosed buyer completed the acquisition of One Lincoln Park, located at 8401 North Central Expressway in Dallas from Piedmont Office Realty Trust, Inc..
March 19, 2024
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An undisclosed buyer acquired One Lincoln Park, located at 8401 North Central Expressway in Dallas from Piedmont Office Realty Trust, Inc. (NYSE:PDM) for $53.97 million on March 20, 2024. Consideration consists of 257,000-square foot, office building valued at $210 per square foot. As part of the transaction, The net proceeds from the sale were used to pay off the approximately $50 million remaining balance of the Company?s 2024 Senior Unsecured Notes that mature in March.
An undisclosed buyer completed the acquisition of One Lincoln Park, located at 8401 North Central Expressway in Dallas from Piedmont Office Realty Trust, Inc. (NYSE:PDM) on March 20, 2024.
Piedmont Office Realty Trust, Inc. is a fully integrated, self-managed real estate investment trust (REIT). The Company is an owner, manager, developer, redeveloper, and operator of Class A office properties located primarily in major United States Sunbelt markets. The Company conducts business through its wholly owned subsidiary, Piedmont Operating Partnership, L.P. (Piedmont OP). It owns and operates about 51 in-service office properties comprised of approximately 17 million square feet of primarily Class A office space which are 87.1% leased. It has one redevelopment asset comprising about 127,000 square feet in Orlando, Florida. The Companyâs portfolio of properties is primarily located in various metropolitan areas, including Atlanta, Dallas, Northern Virginia/Washington, D.C., Boston, Orlando, Minneapolis, and New York, and others.
An undisclosed buyer completed the acquisition of One Lincoln Park, located at 8401 North Central Expressway in Dallas from Piedmont Office Realty Trust, Inc..
PIEDMONT OFFICE REALTY TRUST, INC. 
