Penny Roger$
13 years ago
Parkway Properties, Inc. (Parkway) is a self-administered and self-managed real estate investment trust (REIT) specializing in the operation, leasing, acquisition and ownership of office properties. The Company performs these services for its own account and for other institutional investors through co-ownership structures, such as discretionary funds and/or partnerships. At March 1, 2011, Parkway owned an interest in 65 office properties located in 11 states with an aggregate of approximately 13.7 million square feet of leasable space. Included in the portfolio are two discretionary funds and several partnership arrangements, which encompass 20 properties totaling 4.1 million square feet, representing 30.3% of the portfolio. On February 4, 2011, the Company purchased its partner’s 50% interest in the Wink-Parkway Partnership (Wink JV). On April 15, 2010, the Company sold One Park Ten, a 163,000 square foot office building in Houston, Texas.
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