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Acquisitions of Real Estate Assets
 12 Months Ended
Dec. 31, 2011
Acquisitions [Abstract]  
Acquisitions
Acquisitions of Real Estate Assets

During the year ended December 31, 2011, Piedmont acquired the following properties:

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

 
149,654

 
18
%
 
$
18.5

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

 
962,361

 
67
%
 
$
227.5

(1) 
The Dupree
Atlanta, GA
 
April 29, 2011
 
1

 
137,818

 
83
%
 
$
20.5

 
The Medici
Atlanta, GA
 
June 7, 2011
 
1

 
152,221

 
22
%
 
$
13.2

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

 
440,130

 
100
%
 
$
85.3

 
400 TownPark
Orlando, FL
 
November 10, 2011
 
1

 
175,674

 
19
%
 
$
23.9

 

(1)    Piedmont acquired the 500 W. Monroe building located in downtown Chicago, Illinois through a foreclosure sale related to certain notes receivable previously held by Piedmont (see Note 6 for a more complete description of this transaction). No additional purchase consideration was required to acquire the 500 W. Monroe building interests.