Parkway Properties Inc. sold three office properties totaling 181,000 square feet in Atlanta, Ga., for a combined sales price of $17.2 million.

The properties, Hightower Centre, Pavilion Center and Roswell North, are located in various submarkets with a combined occupancy of 76.6 percent at the time of sale.

Buyers’ identities were not disclosed.

Proceeds from the sale were used to repay amounts outstanding under the company’s lines of credit, according to a press statement.

Parkway Properties Inc. is a self-administered real estate investment trust operating in the southeastern and southwestern United States and Chicago.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top