Piedmont Office Realty Trust, Inc. announced that it has achieved a successful leasing outcome for two corporate tenants in the Las Colinas. Epsilon, a leading marketing services firm, signed a new 12-year full building lease for approximately 222,000 square feet at Piedmont’s 6021 Connection Drive property in Irving, TX. The lease is in addition to a recently signed 5-year, 28,000 square foot lease at Piedmont’s adjacent property – 6031 Connection Drive. The two leases total nearly 250,000 square feet and reflect a headquarters relocation for Epsilon, commencing July, 2014. Epsilon noted that its Irving associate base has grown over 20% in the last 18 months and the firm expects to continue that momentum, with a focus on adding more technical experts as well as creative and strategy talent.
Additionally, Piedmont announced that it acquired a land parcel adjacent to its Connection Drive properties from Nokia. The land fronts Royal Lane and State Hwy 161 and is zoned for future office development. In connection with this sale, Nokia will relocate its Las Colinas offices to another Piedmont office property in Irving.