Parkway Appoints David O'Reilly As Chief Financial Officer

ORLANDO, Fla., Aug. 16, 2012 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that the Board of Directors appointed David R. O'Reilly as Chief Financial Officer, effective August 16, 2012.  Mr. O'Reilly, who was appointed Interim Chief Financial Officer in May 2012, will also continue in his responsibilities as the Company's Executive Vice President and Chief Investment Officer.

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"We continue to make strides in executing our strategic plan and upgrading our portfolio, and David will continue to aid us in this effort as he has proven to be a valuable asset to the Parkway team," said James Heistand, President and Chief Executive Officer.  "We have benefited from David's deep industry knowledge and relationships immensely, and he is an ideal fit to fill the position in this exciting time for the Company." 

Prior to joining Parkway, Mr. O'Reilly served as Executive Vice President of Banyan Street Capital from August 2011 through October 2011 and as Director of Capital Markets for Eola Capital LLC from August 2009 through May 2011.  He also served in the investment banking industry as Senior Vice President of Barclays Capital Inc. from September 2008 through June 2009 and in a similar capacity for Lehman Brothers from August 2001 through September 2008. 

About Parkway Properties Parkway Properties, Inc., a member of the S&P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the ownership of quality office properties in higher growth submarkets in the Sunbelt region of the United States.  Parkway owns or has an interest in 39 office properties located in 9 states with an aggregate of approximately 10.3 million square feet of leasable space at August 8, 2012.  Fee-based real estate services are offered through wholly-owned subsidiaries of the Company, which in total manage and/or lease approximately 11.9 million square feet for third-party owners at August 8, 2012.

Parkway Properties, Inc.'s press releases and additional information about the Company are available on the Company's website at www.pky.com.

Contact: Thomas E. Blalock Vice President of Investor Relations [phone]                                                   

SOURCE Parkway Properties, Inc.

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