-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gk79u+/BbPxB5RnrVF+JzqL+9nnA6vMtuwNEs1rLBiTD2/jmlJ+rf/HnFz27N4E0 YGHzxTJxyPBv1Oq1YQlq2A== 0000729237-97-000055.txt : 19971211 0000729237-97-000055.hdr.sgml : 19971211 ACCESSION NUMBER: 0000729237-97-000055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19971117 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971210 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PARKWAY PROPERTIES INC CENTRAL INDEX KEY: 0000729237 STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF NONRESIDENTIAL BUILDINGS [6512] IRS NUMBER: 742123597 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11533 FILM NUMBER: 97735939 BUSINESS ADDRESS: STREET 1: ONE JACKSON PL STREET 2: 188 E CAPITOL ST STE 1000 CITY: JACKSON STATE: MS ZIP: 39225-4647 BUSINESS PHONE: 6019484091 MAIL ADDRESS: STREET 1: P O BOX 22728 STREET 2: P O BOX 22728 CITY: JACKSON STATE: MS ZIP: 39201 FORMER COMPANY: FORMER CONFORMED NAME: PARKWAY CO DATE OF NAME CHANGE: 19951018 8-K 1 UNITED STATES1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): Nov. 25, 1997 --------------- - - PARKWAY PROPERTIES, INC. - ------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Maryland 1-11533 74-2123597 - ------------------------------------------------------------- (State or other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation) Number) One Jackson Place Suite 1000 188 East Capitol Street P. O. Box 24647 Jackson, Mississippi 39225-4647 - ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (601) 948-4091 -------------- - - - ----------------------------------------------------------------- - - (Former name or former address, if changed since last report) FORM 8-K PARKWAY PROPERTIES, INC. Item 2. Acquisition or Disposition of Assets. On November 25, 1997, a limited partnership in which Parkway Properties, Inc. is a 99% limited partner and a wholly- owned subsidiary is a 1% general partner purchased the Greenbrier Towers in Chesapeake, Virginia for $16,000,000 from an unrelated party. Greenbrier Towers consists of two six-story office buildings constructed in 1985 and 1987 containing approximately 11.4 acres within Greenbrier Business Park. The buildings are strategically located in the Hampton Roads area (Norfolk, Virginia Beach and Newport News) of Southern Virginia and have direct access to Interstates 64 and 464. The buildings are 98% leased to 35 tenants with the largest tenant occupying 27,877 square feet or 16% of the total net rentable square feet under a lease that expires in September 2007. The purchase was funded with bank borrowings on a line of credit with Deposit Guaranty National Bank at a rate equal to the 90-day Libor rate plus 1.75%, currently 7.53%. Item 7. Financial Statements and Exhibits. (a) Financial Statements It is impractical to provide the audited financial statements of Greenbrier Towers required by Item 7(a) of Form 8-K, but such financial statements will be filed as soon as practical but not later than 60 days after the filing of this Form 8-K. (b) Pro Forma Consolidated Financial Statements The pro forma consolidated financial statements will be filed with the audited financial statements of Greenbrier Towers. (c) Exhibits. (10) The purchase and sale agreement will be filed with the audited financial statements of Greenbrier Towers. Parkway agrees to furnish supplementally to the Securities and Exchange Commission on request a copy of any omitted schedule or exhibit to this agreement. FORM 8-K PARKWAY PROPERTIES, INC. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATE: December 10, 1997 PARKWAY PROPERTIES, INC. By: /s/Sarah P. Clark Sarah P. Clark Senior Vice President, Chief Financial Officer, Treasurer and Secretary _______________________________ 1 -----END PRIVACY-ENHANCED MESSAGE-----