05:56 AM EDT, 03/21/2024 (MT Newswires) -- Piedmont Office Realty Trust ( PDM ) said late Wednesday it completed the sale of One Lincoln Park located at North Central Expressway in Dallas, Texas, for $210 per square foot or $54 million in total.

The sale was to a financial institution planning to use the building as its headquarters, the company said.

Net proceeds from the sale were used to pay off about $50 million remaining balance of the company's 2024 senior unsecured notes maturing in March.