Parkway Announces Several Notable Leases
Parkway Properties, Inc. (NYSE: PKY) announced today that it has signed a total of 33,000 square feet of new and expansion leases at Peachtree Dunwoody Pavilion in Atlanta, GA, backfilling approximately 37% of the previously announced space that will be vacated by Cox Communications on June 30, 2012. This leasing activity consists of a 23,000 square foot new lease signed with CBS Broadcasting Inc. that expires January 31, 2023, and a 10,000 square foot expansion by a major national health insurance carrier that expires April 30, 2016, which is coterminous with its existing lease at the property.
Parkway also signed a 13,000 square foot new lease at Hearst Tower, Parkway's most recent acquisition located in Uptown Charlotte, with Dixon Hughes Goodman LLP that commences July 1, 2012, and extends through June 30, 2017. Additionally, the Company signed a five-year new lease for 35,000 square feet with AT&T Services, Inc. at 111 Capitol Building in Jackson, MS, and an 85,000 square foot renewal at Bank of America Plaza in Nashville, TN with Louisiana-Pacific Corporation, representing a 79-month extension beyond its existing expiration.
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