National Commercial Real Estate News From CoStar Group
Parkway Picks Up 1M-SF Office Portfolio for $130M
An affiliate of Parkway Properties Inc. (NYSE:PKY) purchased a 1.02 million-square-foot office building portfolio in Jacksonville, FL, from Flagler for $130 million or $128 per square foot.
Parkway secured $84.5 million in financing with a fixed interest rate of 3.9% for a 10-year term.
The assets include eight structures at Deerwood North and Deerwood South business parks delivered from 1996 to 2005. They are between four and five stories and...