PM Realty Group Represents Parkway in Deal with Electric Utility Billing/ ATLANTA, GA
Accounting Software Provider
- Parkway Properties, Inc. recently signed a 39,500 square foot lease with Southeastern Data Cooperative, Inc. at 100 Ashford Center North in the Central Perimeter submarket. PM Realty Group (PMRG), a national, full-service commercial real estate firm, represented Parkway in the transaction.
Southeastern Data's lease at 100 Ashford Center North is expected to commence during the second quarter, said Dean Giordano, Senior Vice President of Leasing for PMRG. 100 Ashford Center North is an office complex comprised of approximately 157,000 square feet and is currently over 90 percent leased. 100 Ashford is one of nine properties, encompassing approximately 1.8 million square feet, currently owned and managed by Parkway in the Atlanta area.
100 Ashford's excellent location in the Central Perimeter, floor plate efficiencies, and attractive amenities - including a five-story parking facility, complimentary fitness center, and café with indoor and outdoor seating - made it a natural fit. "We could not be more pleased to complete this significant agreement with Southeastern Data Cooperative," said Richard Hickson, Vice President with Parkway.
Chris Breeden, Asset Manager with Parkway, and Dean Giordano, Senior Vice President with PMRG, represented the building's owner, Parkway Properties Office Fund, L.P. Mitch Kahlert and Jimmy Sanders of ICON Commercial Interests represented Southeastern Data Cooperative, Inc.
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 acquisition, operation, leasing, and ownership of office properties. Headquartered in Jackson, Miss., the Company is geographically focused on the Southeastern and Southwestern United States and Chicago. Parkway owns or has an interest in 67 office properties located in 11 states with an aggregate of approximately 13.5 million square feet of leasable space. Included in the portfolio are 21 properties totaling 3.8 million square feet that are owned jointly with other investors, representing 28% of the portfolio. Fee-based real estate services are offered through the Company's wholly owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 1.8 million square feet for third-party owners. For additional information, please visit www.pky.com
About Southeastern Data Cooperative, Inc.
SEDC is a leading-edge provider of billing and accounting software for the electric utility industry. Currently SEDC serves over 200 utility providers in 33 states with its proprietary UtilityPowerNet (UPN) applications for billing, engineering and accounting. The company also offers utilities comprehensive financial services (remittance processing and e-bill presentment and payment) as well as data warehouse application and print services.
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