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Piedmont closes $160M sale of Glendale, Calif., property

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Piedmont closes $160M sale of Glendale, Calif., property

Piedmont Office Realty Trust Inc. said it closed the sale of the 800 N. Brand Blvd. property in Glendale, Calif., on Nov. 30 for roughly $160 million.

The Atlanta-based real estate investment trust also said it acquired 25 Burlington Mall Road in Burlington, Mass., for about $74 million. The property totals 287,776 square feet and is 88% leased, with Lahey Hospital & Medical Center and Bank of America Merrill Lynch as anchor tenants.