Parkway Properties buys and sells office assets
In separate portfolio deals, Parkway Properties has sold one office property portfolio and is under contract to buy another.
Parkway Properties sold a portfolio of 19 office buildings for $237 million. The assets are located in six states and total approximately 2.1 million square feet. The buyer was not identified in the announcement.
In other news, the REIT is in a pending deal with Carter and StratReal. An official announcement has not been released. The sales price was rumored to be approximately $475 million. The portfolio consists of 21 office properties and one industrial asset, totaling 3.2 million square feet, located in Florida, Georgia, Kentucky, North Carolina, Texas and Virginia. The assets include Corporate Center I, II, and III at International Plaza located in the Westshore sub