Parkway Properties Elects Brenda J. Mixson to Its Board of Directors

JACKSON, Miss., Oct. 30 /PRNewswire-FirstCall/ -- Parkway Properties, Inc. (NYSE: PKY) announced today that the Company's Board of Directors increased the size of the board from seven to eight members and elected Brenda J. Mixson to fill the newly created position on the Board. Ms. Mixson has been with Island Capital Group LLC since its inception in July 2003 and is a senior member of Island's Real Estate Debt and Capital Markets Group focusing primarily on investment acquisitions (commercial real estate debt and equity as well as operating companies), joint ventures and portfolio management. Prior to joining Island Capital, Ms. Mixson served as a Managing Director of Insignia Financial Group from 2001 through 2003. She has held a variety of senior executive positions in the real estate finance industry, including Executive Vice President of Travelers Realty Investment Corp., Chief Operating Officer of one of George Soros' real estate funds, Managing Director with ING Barings, and Chief Investment Officer and Chief Financial Officer of a start-up commercial mortgage securitization company. She has also served as the Chief Financial Officer of a publicly traded REIT, and on the Board of Directors of AvalonBay Apartment Communities, Inc., an NYSE REIT from 1994 to 2001. Ms. Mixson has served as a member of the Board of Governors of the Commercial Mortgage Securitization Association. She received a B.S. in Economics from the University of Minnesota, where she was a member of Phi Beta Kappa. Ms. Mixson will serve as an independent director and a member of Parkway's Audit Committee and Investment Committee.

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Steven G. Rogers, President and Chief Executive Officer, stated, "We are pleased to have Brenda Mixson join our Board of Directors. Her extensive experience and knowledge of commercial real estate and corporate finance, and, in particular, her financial and investment acumen, make her a valuable addition to Parkway."

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 65 office properties located in 11 states with an aggregate of approximately 13.4 million square feet of leasable space at October 30, 2009. Included in the portfolio are 21 properties totaling 3.9 million square feet that are owned jointly with other investors, representing 28.8% 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 1.3 million square feet for third-party owners at October 30, 2009.

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

SOURCE Parkway Properties, Inc.