Parkway Properties has completed the purchase of eight office properties totalling one million square feet located in the Deerwood submarket of Jacksonville, Florida for a purchase price of USD130m. 

The properties were developed in phases from 1996 through 2005 and are currently a combined 93.7 per cent occupied. 

Parkway placed secured financing on the properties simultaneous with closing totalling USD84.5m that has a maturity date of 1 April 2023 and a fixed interest rate of 3.9 per cent.

On 21 February 2013, Parkway closed on a USD80m first mortgage secured by Phoenix Tower in Houston, Texas. Phoenix Tower (pictured) is a 626,000 square foot office tower located in the Greenway Plaza submarket of Houston that was 83.6 per cent occupied as of 1 January 2013.  The mortgage has a maturity date of 1 March 2023 and a fixed interest rate of 3.9 per cent.