ATLANTA-Piedmont Office Realty Trust Inc. has obtained a $250 million unsecured term loan funded by JPMorgan Chase and Bank of America. The loan, which matures on June 28, 2010, will be used to pay down outstanding debt on an existing line of credit that allows the company to acquire additional properties, Raymond L. Owens, executive vice president of capital markets for Piedmont, tells

“In a time of significant tightening in the credit market, this unsecured loan speaks to the financial strength of our company,” said Donald A. Miller, CEO of Piedmont, in a release. “This allows us obvious flexibility as we continue to manage and shape our capital structure and portfolio of properties for our investors.”

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