Parkway Properties Inc.

Annual Report
Company Description
Parkway Properties, Inc. (Parkway) is a self-administered real estate investment trust (REIT) specializing in the ownership of office properties in higher growth submarkets in the Sunbelt region of the United States. The Company owned or had an interest in 43 office properties located in nine states with an aggregate of approximately 11.9 million square feet of leasable space. It offers fee-based real estate services through wholly owned subsidiaries, which in total managed and/or leased approximately 10.8 million square feet for third-party property owners at January 1, 2013. The Company generally performs commercial real estate leasing, management and acquisition services on an in-house basis. Effective December 19, 2013, Thomas Properties Group, Inc. merged with and into Parkway Properties, Inc. with Parkway continuing as the surviving corporation. In January 2014, Parkway acquired its co-investor's 70% interest in the Bank of America Center.