Acquisitions

12 Months Ended

Dec. 31, 2019

Business Combinations [Abstract]

Acquisitions

Acquisitions

During the year ended December 31, 2019, Piedmont acquired the following separately identifiable assets using proceeds available as a result of dispositions (see Note 13), proceeds from the $500 Million Unsecured 2018 Line of Credit, and cash on hand, as noted below:

Property	Metropolitan Statistical Area	Date of Acquisition	Ownership Percentage Acquired		Rentable Square Feet (Unaudited)	Percentage Leased as of Acquisition (Unaudited)			Net Contractual Purchase Price  (in millions) (1)
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	%	(2)	$	231.2

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

⁽²⁾Represents weighted-average leased percentage at acquisition of the Galleria 400 and 600 buildings.