JACKSON, Miss., Sept. 11 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today leasing activity for the month ended
August 31, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO)
As of September 1, 2006, occupancy of the office portfolio was 90.9%,
up from 90.4% as of August 1, 2006. Since June 30, 2006, 54 leases were
renewed or expanded for approximately 175,000 square feet. Additionally, 24
new leases were signed totaling approximately 100,000 square feet. Not
included in occupancy are 22 leases totaling approximately 100,000 square
feet, which have been fully executed as of September 11, 2006. These leases
bring the portfolio to 91.7% leased as of September 11, 2006 as compared to
91.5% as of August 10, 2006.
Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a
self-administered real estate investment trust specializing in the
operation, acquisition, ownership, management, and leasing of office
properties. The Company is geographically focused on the Southeastern and
Southwestern United States and Chicago. Parkway owns or has an interest in
67 office properties located in 11 states with an aggregate of
approximately 12,814,000 square feet of leasable space as of September 11,
2006. The Company also offers fee-based real estate services through its
wholly owned subsidiary, Parkway Realty Services, to its owned properties
and to its third party and minority interest properties.
Parkway Properties, Inc.'s press releases and additional information
about the Company are available on the World Wide Web at http://www.pky.com.
Parkway Properties, Inc.
Leasing Status
9/11/2006
Total Occupancy
Square Footage Vacancy Percent
Occupancy - 09/01/06 12,813,866 1,168,375 90.9%
Commencement
City Building Square Feet Quarter Year
Atlanta, GA Capital City Plaza 16,991 4 2006
Atlanta, GA Hightower Centre 1,828 4 2006
Atlanta, GA Roswell North 1,367 4 2006
Atlanta, GA Roswell North 8,472 4 2006
Chicago, IL 233 North Michigan 2,292 2 2007
Hampton Roads, VA Greenbrier Tower II 805 4 2006
Hampton Roads, VA Town Point Center 5,835 4 2006
Houston, TX 1717 St. James 1,422 3 2006
Houston, TX 1717 St. James 16,538 4 2006
Houston, TX Ashford II 1,899 3 2006
Houston, TX Comerica Bank Building 6,752 3 2006
Houston, TX Honeywell 2,123 4 2006
Houston, TX Richmond Centre 6,817 4 2006
Houston, TX Sugar Grove 1,061 3 2006
Houston, TX Sugar Grove 3,724 3 2006
Jackson, MS City Centre 1,098 1 2007
Knoxville, TN First Tennessee Plaza 2,376 3 2006
Memphis, TN Falls Building 3,429 4 2006
Nashville, TN Bank of America Plaza 7,005 4 2006
Orlando, FL Citrus Center 953 4 2006
Phoenix, AZ Squaw Peak Corporate Center 4,191 4 2006
Tampa/St. Pete, FL Wachovia Plaza 2,528 4 2006
Sum of above 99,506
Adjusted Leasing Status once leases have commenced
Total Total SF Leased
Square Footage Not Leased Percent
12,813,866 1,068,869 91.7%
CONTACT: STEVEN G. ROGERS
PRESIDENT & CHIEF EXECUTIVE OFFICER
WILLIAM R. FLATT
CHIEF FINANCIAL OFFICER
(601) 948-4091
SOURCE Parkway Properties, Inc.
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Related links:
http://www.pky.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/103115.html/
CONTACT:
Steven G. Rogers, President & Chief Executive
Officer, or William R. Flatt, Chief Financial Officer, both of
Parkway Properties, Inc., +1-601-948-4091
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