ORLANDO, Fla., Jan. 7, 2014 /PRNewswire/ -- Parkway Properties, Inc. (NYSE:PKY) announced today the pricing of its previously announced underwritten public offering of 10,500,000 shares of common stock at a public offering price of $18.15 per share. The underwriters for the public offering have been granted a 30-day option to purchase up to an additional 1,575,000 shares of common stock at the public offering price, less the underwriting discount. The Company estimates that net proceeds, after deducting the underwriting discount and estimated offering expenses payable by the Company, will be approximately $182.5 million, or $209.9 million if the underwriters exercise their option to purchase additional shares in full. The shares are expected to be delivered on or about January 10, 2014, subject to customary closing conditions. (Logo: http://photos.prnewswire.com/prnh/20030513/PARKLOGO ) The Company intends to use the proceeds of the offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its senior unsecured revolving credit facility and/or for general corporate purposes. BofA Merrill Lynch and Wells Fargo Securities are the joint lead-bookrunners for the offering, and J.P. Morgan and KeyBanc Capital Markets are the joint bookrunners for the offering. The senior co-managers for the offering are PNC Capital Markets LLC, Raymond James and RBC Capital Markets, and the co-managers for the offering are Baird, Piper Jaffray and Sandler O'Neill + Partners, L.P. A copy of the final prospectus supplement and accompanying 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 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-mailing 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.