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Piedmont Office Realty announces Q1 capital markets activity

Piedmont Office Realty announced today that it secured approximately 500,000 square feet of total leasing and completed three capital markets transactions in Q1. Significant leasing highlights for the quarter included: Denver, CO - FedEx Corporate Services, Inc. completed a 155,808 square foot, 12- year lease renewal through 2024 at 350 Spectrum Loop in Colorado Springs, CO. Detroit, MI -Miller Canfield, Paddock and Stone, P.L.C., signed a 69,974 square foot, 11- year early lease renewal through 2026 at 150 West Jefferson in Detroit, MI. Washington, DC - Lockheed Martin Corporation completed a 52,227 square foot, 7+ year lease renewal through 2020 at 400 Virginia Avenue in Washington, DC. Orange County, CA - Morgan Stanley Smith Barney Financing, LLC, signed a 22,470 square foot 10+ year new lease expansion and further extended its original existing 22,470 square foot lease at 1901 Main Street in Irvine, CA. The lease now totals 44,940 square feet and expires in 2024. New York Metro, NY - GE Capital Retail Bank, a division of General Electric, completed a 17,684 square foot, 5+ year new lease through 2018 at 200 Bridgewater Crossing in Bridgewater, NJ.