Parkway Properties, Inc. was a

real estate investment trust A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping cente ...

that invested in office buildings in the Sun Belt. In 2016, the company was acquired by

Cousins Properties Cousins Properties Incorporated is a publicly traded real estate investment trust (REIT) that invests in office buildings in Atlanta, Charlotte, Austin, Phoenix, Tampa, and Chapel Hill, North Carolina. The company has developed notable prope ...

. Notable properties owned by the company included

Liberty Place Liberty Place is a skyscraper complex in Philadelphia. The complex is composed of a 61-story, skyscraper called One Liberty Place, a 58-story, skyscraper called Two Liberty Place, a two-story shopping mall called the Shops at Liberty Place, a ...

, Phoenix Tower,

San Felipe Plaza San Felipe Plaza is a 46-story tower west of the Uptown Houston district in Houston, Texas, United States. Designed by architect Richard Keating, the building was constructed in 1984 by Linbeck Construction Corporation and contains of leaseable ...

in Houston

Raymond James Tower Raymond James Tower is a 21-story skyscraper and is the second tallest building in Memphis, Tennessee. The building is located at the corner of North Front Street and Jefferson Avenue and South Main Street. It is tall, including a spire, and ...

in Memphis, Tennessee and

The Murano The Murano is a residential skyscraper in Center City, Philadelphia. Part of a condominium boom occurring in the city, the Murano was announced in 2005 and was developed jointly by Thomas Properties Group and P&A Associates. The building, named ...

in Philadelphia. The company was formed on May 17, 1996. In 2011, the company acquired the

property management Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monit ...

business of Eola Capital and its ownership stake in 6 properties for $462 million. In 2012, the company acquired Hearst Tower for $250 million. The company also sold 15 properties in

Memphis Memphis most commonly refers to: * Memphis, Egypt, a former capital of ancient Egypt * Memphis, Tennessee, a major American city Memphis may also refer to: Places United States * Memphis, Alabama * Memphis, Florida * Memphis, Indiana * Memp ...

for $147.5 million.

References

{{Reflist, 1 1996 establishments in Florida Financial services companies established in 1996 Financial services companies disestablished in 2016 Defunct real estate companies of the United States