Piedmont Acquires Second Rock Spring Asset

BETHESDA, MD-Some eight months after it acquired the sister building , Atlanta-based Piedmont Office Realty Trust purchased Rock Spring II from developer Opus East. The two buildings have been renamed Piedmont Point I and II. The price was not disclosed.

Located on Rockledge Dr., the two eight-story buildings are connected totaling approximately 407,000 sf. They are currently empty. Asking rates will be in the low $40s per sf, Raymond Owens, executive vice president of Capital Markets for Piedmont, tells GlobeSt.com. “As we lease up these buildings, their long term value will be realized.”