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Stock Market & Financial Investment News

News Breaks
March 19, 2013
07:06 EDTPKYParkway Properties agrees to purchase Tampa Fund II assets and Tempe office
Parkway Properties announced that it has entered into a purchase and sale agreement to acquire its co-investor's 70% interest in three office properties located in the Westshore submarket of Tampa, Florida and has entered into a purchase and sale agreement to acquire a 75% interest in the US Airways Building, a 225,000 square foot office building located in the Tempe submarket of Phoenix, Arizona. The agreed-upon gross valuation of the Tampa Fund II Assets is $139.3M. Parkway's purchase price for its co-investor's 70% interest in the Tampa Fund II Assets is $97.5M. The agreed-upon gross valuation of the US Airways Building is $56M. Parkway's purchase price for the approximate 75% interest is $41.8M.
News For PKY From The Last 14 Days
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October 7, 2014
16:07 EDTPKYParkway Properties announces agreement to sell portfolio of buildings for $237M
Parkway Properties announced that it has reached an agreement to sell a portfolio of 19 office buildings for a gross sale price of $237.0M. Parkway recently agreed to purchase the 19 office assets, which are located in six states and total approximately 2.1M square feet, as part of the same transaction pursuant to which Parkway has agreed to acquire Corporate Center I, II, and III at International Plaza located in the Westshore submarket of Tampa, Florida. The 19 office assets that Parkway has agreed to sell are not consistent with Parkway's current investment strategy. As part of the agreement, the prospective buyer posted a $10.0M earnest money deposit. Parkway expects the closing of the sale of the 19 office portfolio to occur during Q4.

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