Piedmont OP assumes $197M fixed-rate loan for 1180 Peachtree at 4.1% due 2028

Piedmont Realty Trust, Inc.

Piedmont OP assumed $197M loan secured by 1180 Peachtree in Atlanta; fixed rate 4.1%, maturity Oct 1, 2028.
Loan is interest-only until Oct 1, 2023, then amortizes; $985K assumption fee paid to lender.
Original borrower released from liability except for pre-closing obligations; new borrower assumes all duties.

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