Piedmont Office Realty Trust, Inc. (NYSE: PDM) announced today that it has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2 acre land parcel entitled for one million square feet of additional development for a total of $231.2 million.  The acquisition is located within The Galleria, a master-planned, mixed-use development in northwest Atlanta with prominent visibility from I-75 and I-285.  Since 2015, Piedmont has assembled 2.1 million square feet of office space across five buildings along with three development sites, consolidating the project’s multi-tenant office buildings and 6,000-space structured parking facilities under a single owner for the first time. Piedmont’s total investment in The Galleria is just under $500 million, which represents a significant discount to estimated replacement cost.  The Galleria offers unique direct access to The Battery – the mixed-use center which includes SunTrust Park, home of the Atlanta Braves, and the 4,000-seat Coca-Cola Roxy Theater, as well as over 500,000 square feet of dining and entertainment options. The Galleria includes office, multifamily and retail, along with a four-star hotel, the Cobb-Galleria Convention Center and the Cobb Energy Performing Arts Centre.