Piedmont Office Realty Trust Announces Deluxe Will Occupy 172,000 Square Feet at its Class-A Office Complex in Glenridge Highlands Two in Sandy Springs
September 10, 2020 at 04:15 pm EDT
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Piedmont Office Realty Trust announced that Deluxe will occupy 172,000 square feet at its Class-A office complex in Glenridge Highlands Two in Sandy Springs. Deluxe will bring its financial technology innovation and customer experience centers to Glenridge Highlands Two and is planning to invest upwards of $12 million to construct, build out, and furnish the space. Glenridge Highlands Two features approximately 424,000 square feet of space with efficient 25,000-square-foot flexible floor plates. The 20-story Class-A building is part of a 12-acre office campus, with unique visibility from and direct access to GA-400 and I-285. In addition to Glenridge Highlands Two, the Piedmont-owned complex also includes the 11-story Glenridge Highlands One, where new tenant amenities and lobby renovations are nearing completion. The next phase of development at the integrated office and technology hub is in planning, including a new office tower totaling 250,000 square feet at Glenridge Highlands Three.
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.
Piedmont Office Realty Trust Announces Deluxe Will Occupy 172,000 Square Feet at its Class-A Office Complex in Glenridge Highlands Two in Sandy Springs