Piedmont Office Realty Trust, Inc.
), a real estate investment trust (REIT), recently inked a 12-year
lease agreement with
) to lease full space of a Chicago-based property - Windy Point II.
The transaction was in line with the company's policy of signing
long-term leases with high-quality tenants in core strategic
Situated in the northwest suburb of Chicago, Windy Point II is an
11-storey building spanning around 300,686 square foot. The
property is in close proximity to major state and interstate
highways and Chicago's O'Hare International Airport.
Moreover, the property also has convenient access to high-end
restaurants, hotels, daycare facilities, banks and health clubs.
The property is under the ownership and management of
Jones Lang LaSalle Inc.
CATAMARAN CORP (CTRX): Free Stock Analysis
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Catamaran Corporation (formerly known as SXC Health Solutions)
engages in pharmacy benefit management services and healthcare
information technology solutions to the healthcare benefits
management industry in North America. The company was recently
formed by amalgamation of SXC Health Solutions and Catalyst Health
Solutions in 2012. The company is scheduled to relocate its
headquarters situated in Lisle, Illinois to Windy Point II in the
spring of 2013.
Subsequent to the end of the second quarter of 2012, Piedmont
Office Realty signed long-term lease agreements with two renowned
Guidance Software, Inc.
) - to lease more than 100,000 square feet of office space. The
properties were based in the company's core markets - California
Piedmont Office Realty deals in premium Class A office properties
located primarily in the ten largest U.S. office markets including
Chicago, Washington, D.C., New York, Dallas, Los Angeles and
Boston. As of June 30, 2012, the company's portfolio comprises of
74 wholly-owned office buildings spanning over 20 million rentable
The company recently reported second-quarter 2012 FFO (funds from
operations) of 21 cents, missing the Zacks Consensus Estimate by 12
cents. We presently have a long-term Neutral recommendation on the
stock. However, it carries a Zacks #2 Rank (a short-term Buy
Note: FFO, a widely accepted and reported measure of the
performance of REITs, is derived by adding depreciation,
amortization and other non-cash expenses to net income.