Parkway Properties
US real estate investment trust From Wikipedia, the free encyclopedia
US real estate investment trust From Wikipedia, the free encyclopedia
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.
The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. (July 2019) |
Industry | Real estate investment trust |
---|---|
Founded | May 17, 1996 |
Defunct | October 6, 2016 |
Fate | Acquired by Cousins Properties |
Headquarters | Orlando, Florida |
Key people | James R. Heistand, President & CEO |
Number of employees | 286 |
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.[1]
In 2012, the company acquired Hearst Tower for $250 million.[2] The company also sold 15 properties in Memphis for $147.5 million.[3]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.