Piedmont Inked Record 1.5M Square Feet Of Leases In Q3

Law360, New York (October 21, 2013, 2:07 PM EDT) -- Piedmont Office Realty Trust has secured more than 1.5 million square feet of lease transactions in the third quarter of this year, it said Monday, the largest leasing volume it has achieved for a single quarter and an encouraging sign for real estate investment trusts amid fears of rising interest rates.

The possibility that rates might go up further in the near future, disincentivizing tenants and dampening REIT returns, which are typically among the highest an investor can get, has not held Piedmont back in the...
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