Parkway Named on National Best Place to Work List For Fourth Consecutive Year

Jackson, Miss., Oct. 18, 2011 /PRNewswire/ -- The Great Place to Work® Rankings: 2011 Best Small & Medium Workplaces Presented by Entrepreneur® list was announced today and Parkway Properties, Inc. (NYSE: PKY) was ranked #10 on the list.  This year's ranking is Parkway's highest-ever placement in the competition and it is also the fifth time and fourth consecutive year to be included on this nationwide list.  This annual list recognizes companies that have exceptional workplace cultures.  

(Logo: http://photos.prnewswire.com/prnh/20030513/PARKLOGO )

Parkway was selected among hundreds of companies vying for a place on the list this year.  The selection process includes an employee survey and an in-depth questionnaire about the company's programs and practices.  Great Place to Work® then evaluates each application using its unique methodology based on five dimensions:  credibility, respect, fairness, pride, and camaraderie.  Feedback was solicited from all Parkway employees as part of the survey, including the additional 130 employees who joined Parkway upon the combination with Eola Capital LLC on May 18, 2011.

Steven G. Rogers, President and Chief Executive Officer of Parkway stated, "We are humbled to be selected for the fourth consecutive year in this nationwide process.  I am particularly pleased this year because it includes input from the new team members that joined Parkway during our recent combination with Eola Capital.  After receiving comprehensive feedback from our employees, the results speak to the high level of trust and mutual respect at Parkway.  Congratulations to our teammates across the country and thank you for all that you do."

"The companies featured on this year's list are truly extraordinary in their practices and achievements," said Susan Lucas-Conwell, CEO of Great Place to Work. "Their leaders recognize the value of creating great workplaces and the competitive edge it provides them."

Organizations named on the list see many benefits that include better financial performance, less employee turnover, higher levels of customer satisfaction and loyalty, more innovative and creative thinking, higher productivity and enhanced public perception.

To see the complete list, visit http://www.entrepreneur.com/gptw/medium, or to learn more about how to build a high-trust workplace culture, visit www.greatplacetowork.com.

About Parkway Properties

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.  Parkway owns or has an interest in 67 office properties located in 12 states with an aggregate of approximately 14.5 million square feet of leasable space at October 18, 2011.  Included in the portfolio are 26 properties totaling 6.6 million square feet that are owned jointly with other investors, representing 45.5% of the portfolio.  Fee-based real estate services are offered through wholly-owned subsidiaries of the Company, which in total manage and/or lease approximately 12.9 million square feet for third-party owners at October 18, 2011.  Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at www.pky.com.  

About Great Place to Work®

Great Place to Work® is a global research, consulting and training firm that helps organizations create and sustain great workplaces through the development of high-trust workplace cultures.  Great Place to Work serves businesses, non-profits and government agencies in 45 countries on all six continents.  In the US, Great Place to Work® produces the annual FORTUNE 100 Best Companies to Work For® list and Great Place to Work® Best Small & Medium Workplaces list published by Entrepreneur.com.  

About Entreprenuer.com

Marking its 10-year anniversary in 2006, Entrepreneur.com has evolved into the most widely used website by entrepreneurs and leaders in business worldwide.  As the leading small business website on the internet, Entrepreneur.com serves its visitors' needs by creating the most satisfying experience with relevant content, logical information management and ease of access.

FOR FURTHER INFORMATION:
James R. Heistand
Executive Chairman
Steven G. Rogers
(601) 948-4091
President & Chief Executive Officer

SOURCE Parkway Properties, Inc.