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Piedmont Office Realty Trust to sell Philadelphia office for $360m
Transactions - MAY 1, 2020

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Piedmont Office Realty Trust to sell Philadelphia office for $360m

by Andrea Zander

Piedmont Office Realty Trust has agreed to sell the 801,000-square-foot office building at 1901 Market St. in Philadelphia for $360 million.

The new buyer was not disclosed.

During the first quarter, the firm purchased the Galleria Office Towers, three class A office towers totaling approximately 1.4 million square feet at the intersection of the Dallas North Tollway and LBJ Freeway (Interstate 635) in Dallas. The sales price was $396 million.

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