PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Kristen Burney
PMRG | PM Realty Group
(713) 209-5910
kburney@pmrg.com

FOR IMMEDIATE RELEASE

Nov 16, 2007

PM REALTY GROUP EXPANDS LEASING PORTFOLIO ADDING SIX NEW PARKWAY PROPERTIES

ATLANTA, GA - Officials with PM Realty Group (PMRG), a national, full-service commercial real estate firm, today announced the expansion of their Atlanta leasing portfolio for Parkway Properties Inc. (NYSE:PKY) to more than 1.7 million square feet. The new assignments add 1,133,158 square feet of office space and include One Capital City Plaza, Waterstone, Lakewood II, Meridian, Falls Pointe and Peachtree Dunwoody Pavilion. 

"We are excited that our success in leasing Overlook II, 100 Ashford Center North and Peachtree Ridge has resulted in expanding our relationship with Parkway Properties," said Bill Weghorst, senior vice president and director of the Atlanta region for PMRG. 
One Capital City Plaza, located at 3350 Peachtree Road in Atlanta's thriving Buckhead submarket, is a 410,128-square-foot class "A" office building directly adjacent to the Buckhead MARTA station. Chip Roach, senior vice president of leasing for PMRG, will handle the leasing of this property. 

Waterstone, located in the Airport submarket at 4751 Best Road in College Park, is 93,796 square feet and shares a business center with a Marriott Hotel. Dean Giordano, senior vice president of leasing for PMRG, will handle the leasing. 
Lakewood II, located in the Northwest Atlanta submarket at 2233 Lake Park Drive in Smyrna, is 119,150 square feet with five floors connected to a three-level parking garage. Built in 1986, this office building is located near numerous restaurants and two regional shopping malls. Weghorst will handle the leasing. 

Meridian, located at 1995 North Park Place SE in the Northwest submarket, was built in 1985. The 100,762-square-foot building has five floors and is connected to a three-level parking garage. Two regional shopping malls and multiple restaurants are nearby. Weghorst will handle the leasing. 

Falls Pointe, located at 600 Morgan Falls Road in the Central Perimeter submarket, is 106,678 square feet located within 10 minutes of the Roswell area restaurant district. Built in 1990, the four-story building has ample parking, including designated visitor and handicapped spots. The project is currently 100% leased to RBSLynk who recently announced their plans to relocate to North Fulton in 2009. The entire building will be available and Giordano and Weghorst will oversee the leasing. Peachtree Dunwoody Pavilion is a four-building complex located at 5775 Peachtree Dunwoody Road in the Central Perimeter submarket. Built in 1980, the buildings total 370,973 square feet and are located in a park-like setting with walking paths and a pond. The project is adjacent to the Northside MARTA station and Medical Center. Giordano and Weghorst will manage the leasing.  

About Parkway Properties, Inc.

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, acquisition, ownership, management, and leasing of office properties. The Company is geographically focused on the Southeastern and Southwestern United States and Chicago. Parkway owns or has an interest in 66 office properties located in 11 states with an aggregate of approximately 13.3 million square feet of leasable space as of January 2, 2007. The Company also offers fee-based real estate services through its wholly owned subsidiary, Parkway Realty Services, to its owned properties and to its third party and minority interest properties. For additional information, visit www.pky.com. 

About PM Realty Group

Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.

PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.

Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com.