JACKSON, Miss., Nov. 10 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today leasing activity for the month ended
October 31, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
As of November 1, 2006, occupancy of the office portfolio was 91.3%, up
from 91.0% as of October 1, 2006. Since September 30, 2006, 31 leases were
renewed or expanded for approximately 197,000 square feet. Additionally, 10
new leases were signed totaling approximately 33,000 square feet. Not
included in occupancy are 24 leases totaling approximately 77,000 square
feet, which have been fully executed as of November 10, 2006. These leases
bring the portfolio to 91.9% leased as of November 10, 2006 as compared to
91.9% as of October 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 12,812,000 square feet of leasable space as of November 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.
Parkway Properties, Inc.
Leasing Status
11/10/2006
Consol- Unconsol-
Wholly idated idated
Owned JVs JVs Total
Occupancy
Percentage
11/1/06 90.9% 91.9% 95.3% 91.3%
Total Square
Footage 11,274,238 584,159 953,321 12,811,718
Vacancy (A) 1,025,562 47,453 44,919 1,117,934
Commencement
City Building Square Feet Quarter Year
Atlanta, GA Roswell North 1,367 1,367 4 2006
Atlanta, GA Roswell North 8,472 8,472 4 2006
Chicago, IL 233 North
Michigan 2,292 2,292 2 2007
Columbia, SC Atrium at
Stoneridge 6,166 6,166 4 2006
Columbia, SC Capitol Center 1,553 1,553 1 2007
Columbia, SC Capitol Center 2,771 2,771 4 2006
Ft. Lauderdale, Hillsboro
FL Center I-IV 908 908 4 2006
Hampton Greenbrier
Roads, VA Tower II 3,302 3,302 1 2007
Houston, TX 400 North Belt 3,014 3,014 4 2006
Houston, TX One Commerce
Green 7,507 7,507 4 2006
Houston, TX Sugar Grove 1,061 1,061 4 2006
Houston, TX Woodbranch 2,345 2,345 1 2007
Houston, TX Woodbranch 1,601 1,601 4 2006
Jackson, MS City Centre 1,098 1,098 1 2007
Jacksonville, Riverplace
FL South 1,188 1,188 4 2006
Knoxville, TN First Tennessee
Plaza 968 968 1 2007
Memphis, TN Morgan Keegan 1,348 1,348 1 2007
Nashville, TN Bank of
America Plaza 7,005 7,005 4 2006
Nashville, TN Bank of
America Plaza 6,549 6,549 1 2007
Orlando, FL Citrus Center 953 953 4 2006
Orlando, FL Citrus Center 4,387 4,387 4 2006
Orlando, FL 555 Winderley
Place 2,581 2,581 4 2006
Richmond, VA Moorefield III 2,735 2,735 1 2007
Tampa/St. Wachovia
Pete, FL Plaza 5,538 5,538 1 2007
Sum of signed
leases (B) 74,128 2,581 - 76,709
Adjusted
Vacancy
(A less B) 951,434 44,872 44,919 1,041,225
Leased
Percentage 91.6% 92.3% 95.3% 91.9%
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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