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MEET OUR SPONSOR: PKY PROPERTIES
April 21, 2011
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| Parkway Properties has been on a roll, and its recently announced$462M agreement to combine with Eola Capital is a good example of how it's taking an offensive approach to the real estate market, says Chris Breeden, Parkway?s VP and asset manager in Atlanta. The combination includes Eola?s managed portfolio and the purchase of six office buildings by Parkway?s Fund II, including Two Ravinia Drive in Atlanta. This comes on the heels of Parkway?s purchase of3344 Peachtree just a few months ago. Upon completion of the combination, Parkway expects to have a total of 9.5M SF of wholly owned properties, 6.7M SF of properties in fund or JV structures and another 12.7M SF that will be managed and/or leased for third-party owners. In Atlanta, Parkway will own and/or manage 7.7M SF. Find out more about Parkway Properties here. |
