PM Realty Group
1000 Main St, Suite 2400
Houston, Texas 77002
MEDIA CONTACT:
Whitney Williams
Marketing & Communications Manager
PMRG
(713) 209-5935

Feb 11, 2009

SOUTHEASTERN DATA AND PARKWAY PROPERTIES SIGN NEW LEASE AT 100 ASHFORD CENTER NORTH

PM Realty Group Represents Parkway in Deal with Electric Utility Billing/
Accounting Software Provider
 
ATLANTA, GA - 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 PMRG

PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.