Parkway Properties
{{short description|US real estate investment trust}}
{{notability|Companies|date=July 2019}}
{{Infobox company
| name = Parkway Properties, Inc.
| logo = Parkway Properties Inc Logo.jpg
| logo_size = 200px
| logo_caption = Where business works
| fate = Acquired by Cousins Properties
| foundation = {{Start date and age|1996|05|17}}
| defunct = {{End date and age|2016|10|06}}
| location = Orlando, Florida
| key_people = James R. Heistand (president & CEO)
| industry = Real estate investment trust
| num_employees = 286
}}
File:Sovereign Atlanta Building.jpg was owned by Parkway]]
Parkway Properties, Inc. was a real estate investment trust that invested in office buildings in the Sun Belt. In 2016, the company was acquired by Cousins Properties.
Notable properties owned by the company included Liberty Place, Phoenix Tower, San Felipe Plaza in Houston Raymond James Tower in Memphis, Tennessee and The Murano in Philadelphia.
The company was formed on May 17, 1996.
In 2011, the company acquired the property management business of Eola Capital and its ownership stake in 6 properties for $462 million.{{cite news | url=https://www.bizjournals.com/orlando/news/2011/04/11/parkway-pays-462m-for-chunk-of-eola.html | title=Parkway pays $462M for chunk of Eola Capital | first=Andy | last=Ashby | work=American City Business Journals | date=April 11, 2011}}
In 2012, the company acquired Hearst Tower for $250 million.{{cite news | url=https://www.bizjournals.com/charlotte/blog/real_estate/2012/06/parkway-closes-on-hearst-tower-purchase.html | title=Parkway Properties closes on Hearst Tower purchase | first=Will | last=Boye | work=American City Business Journals | date=June 6, 2012}} The company also sold 15 properties in Memphis for $147.5 million.{{cite news | url=https://www.bizjournals.com/memphis/news/2012/04/03/hertz-closes-on-five-parkway.html | title=Hertz closes on five Parkway Properties office buildings in Memphis | first=Andy | last=Ashby | work=American City Business Journals | date=April 3, 2012}}