An unknown developer acquired 206,365 square feet Meridian Crossings Regional Power Center in Meridian, Mississippi.
January 28, 2015 at 11:00 pm EST
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An unknown developer acquired 206,365 square feet Meridian Crossings Regional Power Center in Meridian, Mississippi from Piedmont Office Realty Trust Inc. (NYSE:PDM) for $27 million in December 2014. Sean Glickman of Glickman Retail Group and Coldwell Banker Commercial NRT brokered the deal.
An unknown developer completed the acquisition of 206,365 square feet Meridian Crossings Regional Power Center in Meridian, Mississippi from Piedmont Office Realty Trust Inc. (NYSE:PDM) in December 2014.
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, INC. 
