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Tag Archives: Parkway Properties

Cousins Selling 50-Story One Ninety One Peachtree Tower

ATLANTA – Cousins Properties is selling One Ninety One Peachtree, a major Atlanta skyscraper developed by Hines in the early 1990s. Banyan Street Capital, in partnership with Oaktree Capital Management, is expected to purchase the 50-story, 1.2 million-SF tower in downtown Atlanta, according to the Atlanta Business Chronicle. Meanwhile, Atlanta-based Cousins is preparing to sell its major office holdings in ... Read More »

Houston’s Phoenix Tower to be Sold

HOUSTON – Parkway Properties, an Orlando-based REIT, is selling the 34-story Phoenix Tower, a continuation of its ongoing sell-off of its Houston office portfolio. The 629,000-SF building is expected to fetch $104 million or $164 per SF, according to Real Estate Alert. Eastdil Secured, which is expanding in Texas, is marketing the building, 3500 Southwest Freeway at Buffalo Speedway in ... Read More »

Two Energy Firms Lease Office Space in Houston, Where Falling Oil Prices Pose Questions

HOUSTON — Parkway Properties has announced two Houston office leases to energy-related firms, reducing the potential for empty space in its Houston portfolio. “These two leases help to quickly mitigate some upcoming known move-outs in our Houston portfolio with little to no downtime,” stated James R. Heistand, President and Chief Executive Officer of Parkway. Nabors Industries, which owns more than ... Read More »

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