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News Breaks
January 27, 2014
08:34 EDTPKYParkway Properties completes acquisition of additional interest in Austin JV
Parkway Properties announced that it has completed its acquisition of its co-investor's approximately 17% interest in a joint venture that owns a portfolio of five office properties in Austin, Texas for a purchase price of approximately $41.5M. After giving effect to this acquisition, each of Parkway and CalSTRS has a 50% interest in the CalSTRS JV and Austin properties. Pursuant to an agreement entered into between Parkway and CalSTRS, CalSTRS has until February 5 to exercise an option to purchase up to 60% of Madison's former interest on the same terms as Parkway. If CalSTRS exercises its option to purchase a portion of Madison's former interest, Parkway's interest in the CalSTRS JV and the Austin properties will be reduce to 40%, with CalSTRS owning the remaining 60%.
News For PKY From The Last 14 Days
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October 30, 2014
16:53 EDTPKYParkway announces agreement to acquire One Buckhead Plaza for $157.0M
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16:40 EDTPKYParkway Properties raises FY14 recurring EPS view to $1.44-$1.48
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16:39 EDTPKYParkway Properties reports Q3 recurring FFO 39c, consensus 36c
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