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Tag Archives: Parkway Properties

Parkway move second blow to downtown Jackson this year

Parkway Properties will close its Jackson office by the end of this year. Parkway notified the office’s approximately 40 employees last week, a company spokesperson said. The real estate investment trust has its Mississippi offices in downtown Jackson’s One Jackson Place. It sold most of its Mississippi portfolio within the past couple years. The only property it still owns in ...

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Former Parkway executive named Hertz Group senior VP

Hertz Investment Group, landlord to many of downtown Jackson’s office buildings, has named the former chief investment officer of Parkway Properties, James M. Ingram, its senior VP and chief investment officer. Ingram will continue to be based in Jackson and will oversee leasing operations of Hertz properties in Mississippi, Tennessee, Louisiana and Virginia. Ingram will also manage all acquisition and ...

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Landmark closing pushing Central business district office vacancy to historic level

Downtown Jackson’s office vacancy rate will head toward 40 percent with the shutdown of the Landmark Center once master tenant AT&T vacates at the end of the year, says John Barton, a Parkway Properties senior vice president and senior asset manager who participated in the Parkway’s quarterly office market surveys until the company ceased doing them last earlier this year. ...

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Survey: Metro Jackson office markets showing some strength

Jackson’s Central Business District office market is starting 2012 much as it did 2011 with slightly more than a quarter of available space empty. That’s the good news. The CBD wouldn’t be keeping its current occupancy levels had expected lease renewals not come through, commercial real estate professionals say. Parkway Properties’ 120-building fourth-quarter office market survey shows the downtown market ...

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Wanted: Replacement for Parkway’s downtown leadership

The coming departure of Parkway Properties from Jackson leaves a leadership void for downtown causes, says Ben Allen, president of the Downtown Jackson Partners, a public-private partnership created to promote and facilitate downtown’s revitalization. Parkway’s executive corps brought a “care factor” that will be hard to replace, Allen said. “As far a losing the emotional capital, I can’t sugar coat ...

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Jackson's EastGroup an entity all its own

While Parkway Properties is shifting its operations to Orlando and selling off nearly all its Jackson office properties, a company often incorrectly thought of as a cousin to Parkway – EastGroup Properties – is staying put in Mississippi’s capital. EastGroup CEO David H. Hoster II says the only reason his company and Parkway are believed to be joined at the ...

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Parkway's exit from Jackson market seen as needed step

Parkway Properties’ planned exit from office markets in Jackson, Memphis and Richmond, Va., gets a thumbs-up from analysts who call the market departures an overdue course correction. The consensus is the self-administered real estate investment trust is giving itself its best chance for success by leaving tertiary, or secondary, markets for core markets that can bring higher returns. With Parkway’s ...

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EastGroup an entity all its own

While Parkway Properties is shifting its operations to Orlando and selling off nearly all its Jackson office properties, a company often incorrectly thought of as a cousin to Parkway — EastGroup Properties — is staying put in Mississippi’s capital. EastGroup CEO David H. Hoster II says the only reason his company and Parkway are believed to be joined at the ...

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