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| Westshore Corporate Center, Tampa, FL |
ORLANDO, FL /PRNewswire/ -- Parkway Properties, Inc. (NYSE:
PKY) announced it is under contract to
purchase Westshore Corporate Center in Tampa, Florida for a net purchase
price of $22.5 million.
Parkway also announced that it has completed the purchase of
a parking garage, a 21,000 square foot office building and a vacant parcel of
developable land all adjacent to Parkway's currently owned Hayden Ferry
Lakeside I and II assets in Tempe, Arizona for $18.2 million on behalf of
Parkway Properties Office Fund II, L.P. ("Fund II") and has completed
the sale of 111 Capital Building in Jackson, Mississippi for $8.3
million.
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| James R. Heistand |
James R. Heistand, Parkway's President and Chief Executive
Officer, stated, "These two off-market acquisitions support our investment
strategy of gaining critical mass in key, target submarkets that we believe
will outperform their respective overall markets.”
For a complete copy of the company’s news release, please
contact:
Thomas E. Blalock
Vice President of Investor Relations
(407) 650-0593
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