JACKSON, Miss., Nov. 16 /PRNewswire-FirstCall/ -- Parkway Properties,
Inc. (NYSE: PKY) announced today that it received the Silver award from the
2007 NAREIT Leader in the Light award program. The National Association of
Real Estate Investment Trust, (NAREIT), in collaboration with ENERGY
STAR(R), honored its member companies that have demonstrated superior and
sustained energy use practices. The NAREIT Leader in the Light award
recognizes company-wide operations which generate substantially improved
energy efficiency and expense management.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO)
Steven G. Rogers, President and Chief Executive Officer stated,
"Receipt of this award is important because it acknowledges the
long-standing commitment and dedication by everyone on the Parkway team to
energy conservation and environmental stewardship. One of our core Company
values is to support the Communities in which we operate, which includes
the protection of the environment through active and thoughtful
conservation efforts, as well as encourage preservation and beautification
efforts at every level."
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, leasing, acquisition, and ownership of office properties. The
Company is geographically focused on the Southeastern and Southwestern
United States and Chicago. Parkway owns or has an interest in 66 office
properties located in 11 states with an aggregate of approximately 13.0
million square feet of leasable space as of November 16, 2007. Included in
the portfolio are 18 properties totaling 2.7 million square feet that are
owned jointly with other investors, representing 21% of the portfolio.
Under the Company's GEAR UP Plan, which started January 1, 2006 and ends
December 31, 2008, it is the Company's strategy to transform from an
owner-operator to an operator-owner. The strategy highlights the Company's
strength in providing excellent service in the operation of office
properties in addition to its direct ownership of real estate assets.
Fee-based real estate services are offered through the Company's wholly
owned subsidiary, Parkway Realty Services, which also manages and/or leases
approximately 1.8 million square feet for third party owners as of November
16, 2007.
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
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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