Piedmont selling 14 buildings across the country for $426M

Piedmont Office Realty Trust is selling 14 buildings across the country in a deal with two unnamed buyers. The properties comprise 2.6 million square feet of office space in Arizona, Michigan, Florida, Tennessee and Massachusetts. The deal is valued at $425.9 million, but as much as $10 million could be added if certain leasing targets are met within six months. [Bisnow]