Parkway Announces LEED Gold Certification for Pinnacle

Dec 20, 2010, 18:33 ET from Parkway Properties, Inc.

JACKSON, Miss., Dec. 20, 2010 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that The Pinnacle at Jackson Place ("The Pinnacle") has received a LEED® Gold certification for Core & Shell from the U.S. Green Building Council.  The Pinnacle is a 189,000 square foot Class A office property developed by Parkway in December 2008 and is located in the central business district of Jackson, Mississippi.

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Jack R. Sullenberger, Senior Vice President of Technical Services at Parkway stated, "We are honored to receive this certification.  It is the result of hard work and dedication from our technical services and operations teams.  Energy conservation and environmental stewardship are an integral part of our daily operations, and this certification is representative of our commitment in this important area."

LEED® is a third-party certification program and is the nationally accepted benchmark for the design, construction and operation of high-performance green buildings.  Specific factors considered for LEED® certification include energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and stewardship of resources.  The Pinnacle was designed by Dale and Associates Architects, P.A. and was constructed by Harrell Contracting Group, LLC.  The Epsten Group provided consulting services in connection with the certification process.

Parkway Properties, Inc., a member of the S&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 64 office properties located in 11 states with an aggregate of approximately 13.2 million square feet of leasable space as of December 20, 2010.  Included in the portfolio are 20 properties totaling 3.7 million square feet that are owned jointly with other investors, representing 28.0% of the portfolio.  Fee-based real estate services are offered through the Company's wholly-owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 2.5 million square feet for third-party owners at December 20, 2010.

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