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Piedmont Office Realty launches up to $250M equity offering program

Piedmont Office Realty Trust Inc. plans to sell up to $250 million of its common shares from time to time under its at-the-market program.

To that end, the office real estate investment trust and Piedmont Operating Partnership LP on Aug. 7 entered into an equity distribution agreement with J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, BofA Securities Inc., SunTrust Robinson Humphrey Inc., Wells Fargo Securities LLC and BMO Capital Markets Corp. as managers; JPMorgan Chase Bank NA, Morgan Stanley and Bank of America NA as forward purchasers; and J.P. Morgan, Morgan Stanley and BofA Securities as forward sellers.