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Parkway Properties, Inc., a member of the S and P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties. The Company is geographically focused on the Southeastern and Southwestern United States and Chicago. Parkway owns or has an interest in 66 office properties located in 11 states with an aggregate of approximately 13.4 million square feet of leasable space as of November 3, 2008. Included in the portfolio are 21 properties totaling 3.8 million square feet that are owned jointly with other investors, representing 28.8% of the portfolio. Under the Company's GEAR UP Plan, which started January 1, 2006 and ends December 31, 2008, it is the Company's goal to transform its strategy from being an owner-operator to being an operator- owner. The strategy highlights the Company's strength in providing excellent service in the operation of office properties in addition to its direct ownership of real estate assets. Fee-based real estate services are offered through the Company's wholly-owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 1.8 million square feet for third party owners as of November 3, 2008.
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| PARKWAY RECOGNIZED AS ONE OF THE BEST MEDIUM COMPANIES TO WORK FOR |  |
On June 23, 2008, Parkway Properties was named among the top 25 Best Medium Companies to Work for in America. This list, which was announced before 15,000 human resource professionals at the Society of Human Resource Management 60th Annual Conference and Exposition in Chicago, recognizes the top 25 companies that employ from 251 to 999 employees that use smart people management strategies to develop successful organizations with highly productive and satisfied workforces. The organizations were selected and ranked by the Great Place to Work Institute Inc. based primarily on results of a randomly distributed employee opinion survey about the organizations workplace culture. President and CEO Steve Rogers commented, "We are humbled by this award, which reflects the level of trust, pride and camaraderie within the Parkway team." |
| PARKWAY RECEIVES BRONZE AWARD FOR WEB SITE IN NAREIT'S 2008 ANNUAL REPORT CONTEST | |
At REITWeek 2008 in New York, Parkway was recognized in NAREIT's 2008 Annual Report Contest as the Bronze Award winner in the Small Cap Company category for its web site. The competition was open to all REITs and publicly traded real estate companies who are NAREIT corporate members. Small cap companies are those with equity market capitalization of up to $1.59 billion. |
| PARKWAY RECEIVES NAREIT LEADER IN LIGHT SILVER AWARD |  | Parkway Properties, Inc. (NYSE:PKY) President and Chief Executive Officer, Steven G. Rogers, accepted the NAREIT Leader in the Light Silver Award at the 2007 Annual NAREIT Convention . This award recognizes companies that demonstrate superior and sustained energy use practices leading to substantially improved energy efficiency and expense management. As the only office REIT honored in 2007, this recognition acknowledges the long-standing commitment and dedication by everyone on the Parkway team to energy conservation and environmental stewardship. One of our core Company values is to support the communities in which we operate, which includes the protection of the environment through active and thoughtful conservation efforts, as well as encourage preservation and beautification at every level. |
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| | TOYOTA CENTER - ULI AWARD OF EXCELLENCE WINNER |  | The Toyota Center is an eight-story, 175,000 square foot historical rehabilitation of the Wm. R. Moore Dry Goods Building, a once prominent dry goods warehouse constructed in 1913. The company closed its doors in the early 1970s, leaving the building abandoned for nearly 20 years. With years of neglect concealing its National Historic Register status, the building anchored several blocks of urban blight until its recent rehabilitation. Today as Toyota Center, it forms the gateway to eight city blocks of redevelopment that includes AutoZone Park - the 2000 Minor League Ballpark of the Year, a 400-unit urban multifamily residential development, and a new elementary school. |
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3Q08 Supplemental Package
