PARKWAY ACQUIRES EIGHT OFFICE BUILDINGS IN JACKSONVILLE FOR $130M

JACKSONVILLE, FLA. — Parkway Properties has completed its purchase of eight office properties totaling 1 million square feet in the Deerwood submarket of Jacksonville for $130 million. The properties were developed in phases from 1996 through 2005 and are a combined 93.7 percent occupied. With this acquisition, Parkway now owns approximately 1.4 million square feet and also manages or leases another 2 million square feet, which total 3.4 million square feet in Jacksonville.