XML 40 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt (Details) (USD $)
3 Months Ended 0 Months Ended
Mar. 31, 2015
period
Apr. 10, 2015
Dec. 31, 2014
Jun. 27, 2014
Debt Instrument [Line Items]        
Weighted Average Rate 3.31%us-gaap_DebtWeightedAverageInterestRate [1],[2]      
Amount Outstanding $ 2,326,109,000us-gaap_NotesAndLoansPayable [2]   $ 2,277,589,000us-gaap_NotesAndLoansPayable [2]  
Maximum extension period 1 year      
Number of extension periods 2pdm_LineOfCreditFacilityNumberofMaturityExtensionPeriods      
Extension period 6 months      
$170 Million Unsecured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Rate 1.125%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Basis spread on variable rate 1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
LIBOR rate in effect 0.18%pdm_LiborInterestRateInEffect
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Secured Debt [Member]        
Debt Instrument [Line Items]        
Weighted Average Rate 5.56%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1],[2]      
Amount Outstanding 448,791,000us-gaap_NotesAndLoansPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[2]   449,045,000us-gaap_NotesAndLoansPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[2]  
Secured Debt [Member] | Fixed-Rate $105 Million Loan [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 105,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate105MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
     
Rate 5.29%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate105MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1],[3]      
Amount Outstanding 105,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate105MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[3]   105,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate105MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[3]  
Secured Debt [Member] | Fixed-Rate $105 Million Loan [Member] | Subsequent Event [Member]        
Debt Instrument [Line Items]        
Amount repaid   105,000,000us-gaap_RepaymentsOfDebt
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate105MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
   
Secured Debt [Member] | Fixed-Rate $125 Million Loan [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 125,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate125MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
     
Rate 5.50%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate125MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1],[4]      
Amount Outstanding 125,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate125MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[4]   125,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate125MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[4]  
Secured Debt [Member] | Fixed-Rate $42.5 Million Loan [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 42,500,000.0us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate425MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
     
Rate 5.70%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate425MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1]      
Amount Outstanding 42,525,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate425MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
  42,525,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_FixedRate425MillionLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
 
Secured Debt [Member] | WDC Mortgage Notes $140 Million[Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 140,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_WdcMortgageNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
     
Rate 5.76%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_WdcMortgageNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1]      
Amount Outstanding 140,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_WdcMortgageNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
  140,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_WdcMortgageNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
 
Secured Debt [Member] | Mortgage Loan Maturing September 1, 2021 [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 35,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
    35,000,000.0us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
Rate 5.55%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[1],[5]      
Amount Outstanding 36,266,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[5]   36,520,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
[5]  
Effective interest rate 3.75%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_MortgageLoanMaturingSeptember12021Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SecuredDebtMember
     
Unsecured Debt [Member]        
Debt Instrument [Line Items]        
Weighted Average Rate 2.78%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[1],[2]      
Amount Outstanding 1,877,318,000us-gaap_NotesAndLoansPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[2]   1,828,544,000us-gaap_NotesAndLoansPayable
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[2]  
Unsecured Debt [Member] | $300 Million 2011 Unsecured Term Loan Maturing 2020 [Member]        
Debt Instrument [Line Items]        
Amount Outstanding 298,996,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2020Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[6]   298,944,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2020Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[6]  
Unsecured Debt [Member] | $300 Million 2011 Unsecured Term Loan Maturing 2020 [Member] | Interest Rate Swap [Member]        
Debt Instrument [Line Items]        
Effective interest rate 3.35%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2020Member
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $500 Million Unsecured Line of Credit [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 500,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Amount Outstanding 363,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[7],[8]   434,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[7],[8]  
Basis spread on variable rate 1.175%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
LIBOR rate in effect 0.18%pdm_LiborInterestRateInEffect
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $500 Million Unsecured Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.175%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured500MillionLineOfCreditMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[1],[7]      
Unsecured Debt [Member] | $350 Million Senior Notes [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 350,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Rate 3.40%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[1],[9]      
Amount Outstanding 348,831,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[9]   348,800,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[9]  
Effective interest rate 3.45%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $300 million Unsecured 2013 Term Loan Maturing 2019 [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 300,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured300million2013TermLoanMaturing2019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Amount Outstanding 300,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured300million2013TermLoanMaturing2019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[10]   300,000,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured300million2013TermLoanMaturing2019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[10]  
Unsecured Debt [Member] | $300 million Unsecured 2013 Term Loan Maturing 2019 [Member] | Interest Rate Swap [Member]        
Debt Instrument [Line Items]        
Effective interest rate 2.78%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured300million2013TermLoanMaturing2019Member
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $300 million Unsecured 2013 Term Loan Maturing 2019 [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.20%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured300million2013TermLoanMaturing2019Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[1],[10]      
Unsecured Debt [Member] | $400 Million Unsecured Senior Notes [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 400,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Rate 4.45%us-gaap_DebtInstrumentInterestRateStatedPercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[1],[11]      
Amount Outstanding 396,914,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[11]   396,832,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[11]  
Unsecured Debt [Member] | $50 Million Unsecured Term Loan [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 50,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_The50MillionBridgeLoanFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Amount Outstanding 0us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_The50MillionBridgeLoanFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
  49,968,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_The50MillionBridgeLoanFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
 
Unsecured Debt [Member] | $50 Million Unsecured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_The50MillionBridgeLoanFacilityMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[1]      
Unsecured Debt [Member] | $170 Million Unsecured Term Loan [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 170,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Amount Outstanding 169,577,000us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[12]   0us-gaap_NotesAndLoansPayable
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
[12]  
Unsecured Debt [Member] | $170 Million Unsecured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.125%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_Unsecured170Million2015TermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[1],[12]      
Unsecured Debt [Member] | $300 Million 2011 Unsecured Term Loan Maturing 2016 [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument 300,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2016Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $300 Million 2011 Unsecured Term Loan Maturing 2016 [Member] | Interest Rate Swap [Member]        
Debt Instrument [Line Items]        
Effective interest rate 2.39%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2016Member
/ us-gaap_DerivativeInstrumentRiskAxis
= us-gaap_InterestRateSwapMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
     
Unsecured Debt [Member] | $300 Million 2011 Unsecured Term Loan Maturing 2016 [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Debt Instrument [Line Items]        
Basis spread on variable rate 1.15%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= pdm_A300Million2011UnsecuredTermLoanMaturing2016Member
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_UnsecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
[1],[6]      
Senior Notes [Member] | $350 Million Senior Notes [Member]        
Debt Instrument [Line Items]        
Effective interest rate 3.43%pdm_DebtInstrumentInterestRateEffectivePercentageIncludingSwapSettlement
/ us-gaap_DebtInstrumentAxis
= pdm_Senior350MillionNotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
     
Senior Notes [Member] | $400 Million Unsecured Senior Notes [Member]        
Debt Instrument [Line Items]        
Face amount of debt instrument $ 400,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
     
Effective interest rate 4.48%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
     
Effective interest rate 4.10%pdm_DebtInstrumentInterestRateEffectivePercentageIncludingSwapSettlement
/ us-gaap_DebtInstrumentAxis
= pdm_Senior2014NotesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_SeniorNotesMember
     
[1] Other than the $35 Million Fixed-Rate Loan, all of Piedmont’s outstanding debt as of March 31, 2015 and December 31, 2014 is interest-only.
[2] Weighted average is based on contractual balance of outstanding debt and interest rates in the table as of March 31, 2015.
[3] On April 10, 2015, Piedmont repaid in full the balance on the $105 Million Fixed-Rate Loan.
[4] Property collateralized pool includes 1430 Enclave Parkway in Houston, Texas, Windy Point I and II in Schaumburg, Illinois, and 1055 East Colorado Boulevard in Pasadena, California.
[5] The $35 Million Fixed-Rate Loan has a contractual fixed rate of 5.55% ; however, the amortization of the premium recorded in order to adjust the note to its estimated fair value, results in an effective interest rate of 3.75%.
[6] The $300 Million Unsecured 2011 Term Loan has a stated variable rate; however, Piedmont has entered into interest rate swap agreements which effectively fix, exclusive of changes to Piedmont's credit rating, the rate on this facility to 2.39% through the original maturity date of November 22, 2016 and 3.35% from November 22, 2016 to January 15, 2020.
[7] Piedmont may select from multiple interest rate options with each draw, including the prime rate and various-length LIBOR locks. All LIBOR selections are subject to an additional spread (1.175% as of March 31, 2015) over the selected rate based on Piedmont’s current credit rating. The outstanding balance as of March 31, 2015 consisted of 30-day LIBOR draws at a rate of 0.18% (subject to the additional spread mentioned above).
[8] Piedmont may extend the term for up to one additional year (through two available six month extensions to a final extended maturity date of August 21, 2017) provided Piedmont is not then in default and upon payment of extension fees.
[9] The $350 Million Senior Notes have a fixed coupon rate of 3.40%, however, as a result of the issuance of the notes at a discount, Piedmont recognizes an effective interest rate on this debt issuance of 3.45%. After consideration of the impact of settled interest rate swap agreements, in addition to the issuance discount, the effective interest rate on this debt is 3.43%.
[10] The $300 Million Unsecured 2013 Term Loan has a stated variable rate; however, Piedmont entered into interest rate swap agreements which effectively fix, absent any changes to Piedmont's credit rating, the rate on this facility to 2.78% .
[11] The $400 Million Senior Notes have a fixed coupon rate of 4.45%, however, as a result of the issuance of the notes at a discount, Piedmont recognizes an effective interest rate on this debt issuance of 4.48%. After consideration of the impact of settled interest rate swap agreements, in addition to the issuance discount, the effective interest rate on this debt is 4.10%.
[12] Piedmont may select from multiple interest rate options, including the prime rate and various-length LIBOR locks. All LIBOR selections are subject to an additional spread (1.125% as of March 31, 2015) over the selected rate based on Piedmont’s current credit rating. The outstanding balance as of March 31, 2015 consisted of a 30-day LIBOR draw at a rate of 0.18% (subject to the additional spread mentioned above).