An unknown buyer entered into a binding contract to acquire 225 & 235 Presidential Way in Woburn, MA from Piedmont Office Realty Trust, Inc. for approximately $130 million.
July 27, 2021
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An unknown buyer entered into a binding contract to acquire 225 & 235 Presidential Way in Woburn, MA from Piedmont Office Realty Trust, Inc. (NYSE:PDM) for approximately $130 million during the second quarter ended June 30, 2021. The consideration for the transaction was $129.0 million, or $293 per square foot. The sale is expected to close near the end of 2021, subject to customary closing conditions.
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 unknown buyer entered into a binding contract to acquire 225 & 235 Presidential Way in Woburn, MA from Piedmont Office Realty Trust, Inc. for approximately $130 million.
PIEDMONT OFFICE REALTY TRUST, INC. 
