Subsequent Events

3 Months Ended

Mar. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

Second Quarter Dividend Declaration

On April 27, 2016, the board of directors of Piedmont declared dividends for the second quarter 2016 in the amount of $0.21 per common share outstanding to stockholders of record as of the close of business on May 27, 2016. Such dividends are to be paid on June 17, 2016.

Dispositions

On April 21, 2016, Piedmont sold 1055 E. Colorado, an approximately 176,000 square foot office building and 99% leased, for $61.3 million ($348 per square foot).

On April 28, 2016, Piedmont sold Fairway Center II, an approximately 134,000 square foot office building and 97% leased, for $33.8 million ($252 per square foot).

Additionally, on May 2, 2016, Piedmont sold 1901 Main Street, an approximately 173,000 square foot office building and 100% leased, for $66.0 million ($382 per square foot).