3.	Acquisitions

During the quarter ended March 31, 2011, Piedmont purchased the 1200 Enclave Parkway Building in Houston, Texas, and acquired the 46-story, 962,361 square foot, Class A, commercial office building in downtown Chicago, Illinois (the "500 W. Monroe Building") through a foreclosure sale related to certain notes receivable held by Piedmont (see Note 4 for a more complete description of this transaction). Piedmont funded the acquisition of the 1200 Enclave Parkway Building principally with the net proceeds from a draw on its $500 Million Unsecured Facility.


Property	Metropolitan Statistical Area	Acquisition Date	Number of Buildings		Rentable Square Feet		Percentage Occupied as of March 31, 2011			Acquisition Price (in millions)
1200 Enclave ParkwayBuilding	Houston, TX	March 30, 2011		1		149,654		18	%	$	18.5
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 March 31, 2011.