Parkway has been recognized by CoStar as a winner of the CoStar Power Broker Quarterly Deal Awards for the second quarter of 2024. This accolade underscores our commitment to nurturing tenant relationships and delivering exceptional real estate solutions.
At East River, Midway's transformative mixed-use development just east of downtown Houston, Parkway successfully negotiated a notable 63,519 square-foot lease with Orion Group Holdings. This pivotal deal elevated the office occupancy rate to an impressive 95%. Orion Group Holdings, a Houston-based leader in marine infrastructure projects, will be relocating its global headquarters to occupy three full floors in East River Buildings 1 and 2.
In another significant milestone, Parkway secured a major lease at San Felipe Plaza. Partners, a prominent commercial real estate brokerage, signed a new 32,286-square-foot lease, marking the expansion and relocation of its Houston headquarters to San Felipe Plaza.
Parkway’s recent achievements extend beyond these notable deals. We've leased over 260,000 square feet at CityWestPlace in Houston, achieving a 98% occupancy rate. In Orlando, Baldwin Point has reached full occupancy, and in Miami, our strategic repositioning of 1111 Brickell saw occupancy soar from 74% in March 2020 to 98% by December 2023.
These accomplishments cap an extraordinary year for Parkway. With over 1 million square feet of leases completed in the last 12 months, our success reinforces Parkway's position as a leader in commercial real estate leasing and management. Our portfolio of appealing office environments and commitment to high-touch service, all rooted in Parkway's operational excellence, continue to set us apart.
Stay tuned for more updates and success stories from Parkway as we continue to drive innovative strategies that create value for our stakeholders. For inquiries or to learn more about our properties, please contact our team.
