Parkway Properties Announces Presentation at NAREIT REIT Week Investor Forum on June 5, 2008

JACKSON, Miss., June 2 /PRNewswire-FirstCall/ -- PARKWAY PROPERTIES, INC. (NYSE:PKY) announced today that Steven G. Rogers, President and Chief Executive Officer, William R. Flatt, Executive Vice President and Chief Operating Officer, and J. Mitchell Collins, Executive Vice President and Chief Financial Officer, will participate in a presentation at the NAREIT REIT Week 2008 Investor Forum in New York, New York, on Thursday, June 5, 2008, at 2:00 pm EDT. The presentation can be accessed live via webcast at http://www.industrystream.net/nareit08/parkway.html. The webcast will also be available on the Investor Relations section of the Company's website at
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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, leasing, acquisition, and ownership of office properties. The Company is geographically focused on the Southeastern and Southwestern United States and Chicago. Parkway owns or has an interest in 69 office properties located in 11 states with an aggregate of approximately 14.1 million square feet of leasable space as of June 2, 2008. Included in the portfolio are 21 properties totaling 3.8 million square feet that are owned jointly with other investors, representing 27.2% of the portfolio. Under the Company's GEAR UP plan, which started January 1, 2006, and ends December 31, 2008, it is the Company's strategy to transform from an owner-operator to an operator-owner. The strategy highlights the Company's strength in providing excellent service in the operation of office properties in addition to its direct ownership of real estate assets. Fee-based real estate services are offered through the Company's wholly owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 1.6 million square feet for third-party owners as of June 2, 2008.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the World Wide Web at http://www.pky.com/

CONTACT: SARAH P. CLARK
SENIOR VICE PRESIDENT
(601) 948-4091

First Call Analyst:
FCMN Contact:

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Source: Parkway Properties, Inc.

CONTACT: Sarah P. Clark of Parkway Properties, Inc., Senior Vice
President, +1-601-948-4091

Web site: http://www.pky.com/

Company News On-Call: http://www.prnewswire.com/comp/103115.html

2008-06-02 18:27:03 0375351 PRNEWSWIRE