However, Parkway Properties also is looking in Houston, Phoenix and Florida, Rogers adds during a conference call this week. "There are properties available," Rogers says.
Rogers says details of the deal with InvestCorp International will likely be announced next month, when Parkway expects contingencies to be removed.
The REIT reports that 75% of the space with rents guaranteed by the sellers, Tishman-Speyer and Travelers Insurance, has been re-leased. A previously-announced 12-year lease of 69,000 sf to Clear Channel Broadcasting, Inc. begins Aug. 1 while Burrell Communications Group LLC's 15-year lease on 34,500 sf began April 1.
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