JACKSON, Miss., Oct. 10 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today leasing activity for the month ended
September 30, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
As of October 1, 2006, occupancy of the office portfolio was 91.0%, up
from 90.9% as of September 1, 2006. Since June 30, 2006, 93 leases were
renewed or expanded for approximately 333,000 square feet. Additionally, 41
new leases were signed totaling approximately 156,000 square feet. Not
included in occupancy are 30 leases totaling approximately 111,000 square
feet, which have been fully executed as of October 10, 2006. These leases
bring the portfolio to 91.9% leased as of October 10, 2006 as compared to
91.7% as of September 11, 2006.
Today's press release includes an expanded table which outlines the
size, occupancy and leasing data for aggregate ownership in each of the
following formats: "Wholly owned", "Consolidated joint ventures" and
"Unconsolidated joint ventures". Detailed information on the Company's
financial treatment of the various forms of ownership can be found in the
Company's most recent Form 10-K filed with the Securities and Exchange
Commission on March 14, 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 12,812,000 square feet of leasable space as of October 10,
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.
CONTACT: STEVEN G. ROGERS
PRESIDENT & CHIEF EXECUTIVE OFFICER
WILLIAM R. FLATT
CHIEF FINANCIAL OFFICER
(601) 948-4091
Parkway Properties, Inc.
Leasing Status
10/10/2006
Consol- Unconsol
Wholly idated idated
Owned JVs JVs Total
Occupancy
Percentage
10/1/06 90.5% 93.8% 95.3% 91.0%
Total Square
Footage 11,275,000 584,000 953,000 12,812,000
Vacancy (A) 1,070,000 36,000 45,000 1,151,000
Commencement
City Building Square Feet Quarter Year
Atlanta, GA Hightower Centre 1,800 1,800 4 2006
Atlanta, GA Peachtree 2,300 2,300 4 2006
Dunwoody
Pavillion
Atlanta, GA Roswell North 1,400 1,400 4 2006
Atlanta, GA Roswell North 8,500 8,500 4 2006
Chicago, IL 233 North 2,300 2,300 2 2007
Michigan
Columbia, SC Atrium at 6,200 6,200 4 2006
Stoneridge
Columbia, SC Capitol Center 1,600 1,600 1 2007
Columbia, SC Capitol Center 5,200 5,200 4 2006
Hampton Greenbrier
Roads, VA Tower II 800 800 4 2006
Houston, TX 1717 St. James 16,500 16,500 4 2006
Houston, TX One Commerce 2,700 2,700 4 2006
Green
Houston, TX One Park Ten 5,400 5,400 4 2006
Plaza
Houston, TX Richmond Centre 6,800 6,800 4 2006
Houston, TX Richmond Centre 7,900 7,900 4 2006
Houston, TX Sugar Grove 1,100 1,100 4 2006
Houston, TX Sugar Grove 1,000 1,000 4 2006
Houston, TX Sugar Grove 1,600 1,600 4 2006
Houston, TX Woodbranch 1,000 1,000 4 2006
Jackson, MS City Centre 1,100 1,100 1 2007
Jackson, MS 111 Capitol 1,800 1,800 4 2006
Building
Knoxville, First Tennessee 2,600 2,600 4 2006
TN Plaza
Memphis, TN Morgan Keegan 1,300 1,300 1 2007
Nashville, Bank of America 7,000 7,000 4 2006
TN Plaza
Orlando, FL Citrus Center 1,000 1,000 4 2006
Orlando, FL Citrus Center 4,400 4,400 4 2006
Orlando, FL 555 Winderley 2,600 2,600 4 2006
Place
Phoenix, AZ Squaw Peak 5,500 5,500 4 2006
Corporate Center
Phoenix, AZ Squaw Peak 4,200 4,200 4 2006
Corporate Center
Richmond, VA Moorefield III 2,700 2,700 1 2007
Tampa/St. Wachovia Plaza 3,000 3,000 4 2006
Pete, FL
Sum of signed
leases (B) 108,700 2,600 - 111,300
Adjusted Vacancy
(A less B) 961,300 33,400 45,000 1,039,700
Leased Percentage 91.5% 94.3% 95.3% 91.9%
SOURCE Parkway Properties, Inc.
 back to top
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
|
