JACKSON, Miss., March 10 /PRNewswire-FirstCall/ -- Parkway Properties, Inc. announced today leasing activity for the month ended February 28, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030513/PARKLOGO )
As of March 1, 2006, occupancy of the office portfolio was 89.2%, up from 88.9% as of February 1, 2006. This is consistent with the Company's earnings guidance provided in the most recent earnings announcement. During the month ended February 28, 2006, 26 leases were renewed or expanded for approximately 105,000 square feet. Additionally, 19 new leases were signed totaling 75,000 square feet. Not included in occupancy are 27 leases totaling 229,000 square feet, which have been fully executed as of March 10, 2006 and commence in 2006. These leases bring the portfolio to 91.0% leased as of March 10, 2006 as compared to 90.7% as of February 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 66 office properties located in 11 states with an aggregate of approximately 12,227,000 square feet of leasable space as of March 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
as of 03/10/06
Total Occupancy
Square Footage Vacancy Percent
Occupancy - 03/01/06 12,227,328 1,325,688 89.2%
Commencement
City Building Square Footage Quarter Year
Atlanta, GA Meridian 3,742 1 2006
Charlotte, NC Carmel Crossing 3,275 1 2006
Charlotte, NC Carmel Crossing 3,803 1 2006
Chicago, IL 233 North Michigan 8,973 3 2006
Chicago, IL 233 North Michigan 33,514 2 2006
Chicago, IL 233 North Michigan 2,945 3 2006
Hampton Roads, VA Greenbrier II 3,141 1 2006
Hampton Roads, VA Greenbrier II 1,808 2 2006
Houston, TX 400 North Belt 1,967 1 2006
Houston, TX One Park Ten 1,386 1 2006
Houston, TX One Park Ten 6,129 1 2006
Houston, TX 1717 St. James 915 1 2006
Houston, TX Comerica 6,752 1 2006
Knoxville, TN First Tennessee Plaza 16,011 2 2006
Nashville, TN Bank of America Plaza 3,638 2 2006
Orlando, FL Citrus Center 51,558 2 2006
Orlando, FL Citrus Center 3,325 2 2006
Orlando, FL Maitland 100 4,572 2 2006
Phoenix, AZ Squaw Peak 4,762 1 2006
Phoenix, AZ Squaw Peak 16,335 1 2006
Phoenix, AZ Viad 1,254 1 2006
Phoenix, AZ Viad 16,030 2 2006
Phoenix, AZ Viad 6,033 2 2006
Richmond, VA Moorefield II 17,261 2 2006
Richmond, VA Moorefield III 3,139 1 2006
Richmond, VA Westvaco 1,973 2 2006
Richmond, VA Winchester 4,816 1 2006
Sum of above 229,057
Adjusted Leasing Status once leases have commenced
Total SF Total SF Leased %
Not Leased
12,227,328 1,096,631 91%
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