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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Mon., Feb. 17, 7:51 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #19. Parkway Properties, Inc. Thomas Properties Group, Inc.

Acquirer: Parkway Properties, Inc. (PKY)
Acquiree: Thomas Properties Group, Inc. (TPGI)
Details: Parkway Properties, Inc. (NYSE: PKY) ("Parkway") today announced the completion of the merger with Thomas Properties Group, Inc. (NYSE: TPGI) ("Thomas Properties") valued at approximately $1.2 billion. The transaction was approved by stockholders of each company at their respective stockholder meetings on December 17, 2013. The combined company will continue to trade under Parkway's existing ticker symbol, "PKY", on the New York Stock Exchange.

Parkway is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office assets focused on attractive Houston, Texas submarkets. Co.'s portfolio will consist of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston, providing geographic focus and operational scale and efficiencies.

Preferred: PKY.PRD



Open the PKY Page at The Online Investor »

Parkway is a self-managed office REIT, engaged in the ownership, acquisition, development and leasing of Class A office assets focused on attractive Houston, Texas submarkets. Co.'s portfolio will consist of five Class A assets comprising 19 buildings and totaling approximately 8.7 million rentable square feet in the Greenway, Galleria and Westchase submarkets of Houston, providing geographic focus and operational scale and efficiencies.

Preferred: PKY.PRD



Open the TPGI Page at The Online Investor »

Company Name: 
Parkway Inc
Website: 
www.pky.com
Sector: 
REITs
Company Name: 
Thomas Properties Group Inc
Website: 
www.tpgre.com
Sector: 
Real Estate
 

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