Triumph Financial, Inc. acquired 257,000-square-foot One Lincoln Park at 8401 North Central Expressway from Piedmont Office Realty Trust, Inc. for approximately $54 million.
March 19, 2024
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Triumph Financial, Inc. (NasdaqGS:TFIN) acquired 257,000-square-foot One Lincoln Park at 8401 North Central Expressway from Piedmont Office Realty Trust, Inc. (NYSE:PDM) for approximately $54 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.
Triumph Financial, Inc. (NasdaqGS:TFIN) completed the acquisition of 257,000-square-foot One Lincoln Park at 8401 North Central Expressway from Piedmont Office Realty Trust, Inc. (NYSE:PDM) on March 20, 2024.
Triumph Financial, Inc. is a financial holding company. The Company's segments include Banking, Factoring and Payments. The Banking segment includes the operations of TBK Bank, which offers products and services that are focused on serving the local communities in which it operates and creating full banking relationships with both personal and commercial clients. TBK Bank operates retail branch networks in three geographic markets, including a mid-western division, a western division, and a mountain division. Its traditional banking offerings include a full suite of lending and deposit products and services. The Factoring segment includes the operations of Triumph Financial Services, which offers factoring services to its customers across a variety of industries with a focus on transportation factoring. The Payments segment includes the operations of TBK Bank's TriumphPay division, which is the payments network for presentment, audit, and payment of over-the-road trucking invoices.
Triumph Financial, Inc. acquired 257,000-square-foot One Lincoln Park at 8401 North Central Expressway from Piedmont Office Realty Trust, Inc. for approximately $54 million.
TRIUMPH FINANCIAL, INC. 
