Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of Purchased Assets

During the nine months ended September 30, 2019, Piedmont acquired three properties and adjacent developable land using cash on hand and proceeds from the $500 Million Unsecured 2018 Line of Credit, as noted below:

Property	Metropolitan Statistical Area	Date of Acquisition	Ownership Percentage Acquired		Rentable Square Feet	Percentage Leased as of Acquisition		Net Contractual Purchase Price(1)(in millions)
Galleria 100	Atlanta, Georgia	May 6, 2019	100	%	414,293	91	%	$	95.1
Galleria 400 and 600	Atlanta, Georgia	August 23, 2019	100	%	863,623	84	%	$	231.2

⁽¹⁾Price for both acquisitions includes the purchase of adjacent parcels of developable land, totaling approximately 11.7 acres.