Deutsche Bank Subsidiary Signs 205,000 Sq. Ft. Lease Renewal

Deutsche Bank Subsidiary Signs 205,000 Sq. Ft. Lease Renewal

» Featured Columnists | By Michael Gerrity | September 30, 2011 10:21 AM ET

Piedmont Office Realty Trust recently announced the completion a 7+ year office lease renewal with Gemini Technology Services, Inc. (a wholly owned subsidiary of Deutsche Bank AG), at its 2 Gatehall Drive property in Parsippany, NJ.

Deutsche Bank, a leading provider of financial services globally, renewed a 204,515 square-foot lease at Piedmont's 2 Gatehall Drive, where it has been located since 2002.

Marion Brady, Ken Siegel and Tom Reilly of Jones Lang LaSalle represented the tenant in the transaction. Piedmont's Alex Valente and George Wells facilitated negotiations on behalf of the company.

"We are very pleased to retain such a valuable and highly regarded tenant in our portfolio," said George Wells, Senior Vice President for Piedmont.  "We appreciate the efforts of all involved to complete this renewal and look forward to continuing a positive and collaborative working relationship with Deutsche Bank and its affiliates in the years ahead," added Wells.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) is a real estate investment trust (REIT) specializing in high-quality, Class A office properties located primarily in the ten largest U.S. office markets, including Chicago, Washington, D.C., New York, Dallas, Los Angeles and Boston.  As of June 30, 2011, Piedmont's 79 wholly-owned office buildings were comprised of approximately 22 million rentable square feet.

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