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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2011
Acquisitions [Abstract] 
Schedule of Business Acquisitions, by Acquisition

Property
Metropolitan
Statistical
Area
 
Acquisition Date
 
Number of
Buildings
 
Rentable
Square
Feet
 
Percentage
Occupied
as of
Acquisition Date
 
Acquisition
Price
(in millions)
 
1200 Enclave Parkway Building
Houston, TX
 
March 30, 2011
 
1

 
149,654
 
18
%
 
$
18.5

 
The Dupree Building
Atlanta, GA
 
April 29, 2011
 
1

 
137,818
 
83
%
 
$
20.5

 
The Medici Building
Atlanta, GA
 
June 7, 2011
 
1

 
152,221
 
22
%
 
$
13.2

 
The 225 and 235 Presidential Way Buildings
Boston, MA
 
September 13, 2011
 
2

 
440,130
 
100
%
 
$
85.3

 
500 W. Monroe Building
Chicago, IL
 
March 31, 2011
 
1

 
962,361
 
67
%
 
$
227.5

(1) 

(1) 
Represents the estimated fair value of real estate assets acquired as recorded in Piedmont’s accompanying consolidated balance sheet as of the acquisition date.