Parkway Properties files to sell 10M shares of common stock BofA Merrill Lynch and Wells Fargo Securities are the joint lead-bookrunners for the offering, and KeyBanc Capital Markets and RBC Capital Markets are the joint bookrunners for the offering.
Chiquita exit could have upside for Parkway Properties, says Wells Fargo Noting that the Charlotte Business Journal reported that Chiquita Brands plans to move its headquarters after being acquired, Wells Fargo said that the move could bring upside for the company's landlord, Parkway Properties. Wells believes Chiquita's lease runs through 2025 with current rents that are 10%-15% below market and that Parkway could drive NOI up if it find a new tenant for the space at a higher rent. Wells maintains its Outperform rating on Parkway Properties. Reference Link