Parkway completes sale of downtown office building

by MBJ Staff

Published: October 9,2012

Tags: acquisition, Commercial Real Estate, land, office, property, purchase, real estate, sale, sell

JACKSON — Parkway Properties Inc. has completed the sale of 111 Capital Building in Jackson for $8.3 million.

The 111 Capitol Building is a 187,000-square-foot office property located in the Central Business District. The property was 83.1 percent leased at closing, which occurred Sept. 7, 2012.

Parkway, which relocated its corporate headquarters from Jackson to Orlando, Fla., received approximately $6.3 million in net proceeds.

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