ORLANDO, Fla., Dec. 10, 2012 /PRNewswire/ -- Parkway Properties, Inc. (NYSE: PKY) announced today the completion of its public offering of 13,500,000 shares of its common stock, plus an additional 1,151,700 shares of its common stock issued and sold pursuant to the exercise of the underwriters' option to purchase additional shares in full, at the public offering price of $13.00 per share. (Logo: http://photos.prnewswire.com/prnh/20030513/PARKLOGO ) The net proceeds from the offering, after deducting the underwriting discount and offering expenses, were approximately $184.8 million. The Company intends to use a significant portion of the proceeds of the offering to finance its recently announced acquisitions of NASCAR Plaza and 525 North Tryon in Charlotte, North Carolina; Phoenix Tower in Houston, Texas; and Tower Place 200 in Atlanta, Georgia. In addition, the Company may use a portion of the proceeds of the offering to repay amounts outstanding from time to time under its senior unsecured revolving credit facility and/or for general corporate purposes. BofA Merrill Lynch, Barclays and Wells Fargo Securities are the joint bookrunners for the offering. The senior co-managers of the offering are Credit Suisse, PNC Capital Markets LLC and RBC Capital Markets, and the co-managers of the offering are Piper Jaffray and Sandler O'Neill + Partners, L.P. A copy of the final prospectus supplement and accompanying base prospectus relating to these securities can be obtained by contacting the underwriters as follows: BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department or email at firstname.lastname@example.org; or Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-888-603-5847, or by email at email@example.com; or Wells Fargo Securities, Attention: Equity Syndicate Department, 375 Park Avenue, New York, New York 10152, or by calling (800) 326-5897 or e-mail a request to firstname.lastname@example.org. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction.