Westshore Corporate Centers included in $475M deal

TAMPA — Parkway Properties Inc. says it has reached an agreement to buy Corporate Center I, II, and III at International Plaza. The three office buildings in Westshore have a total of 974,000 square feet and are adjacent Parkway Properties' Corporate Center IV at International Plaza.

The purchase is part of an agreement by Parkway Properties to buy a much larger portfolio that includes an additional 19 office properties with 2.1 million square feet of space in six states. Parkway's gross purchase price for the entire portfolio is $475 million.

However, Parkway Properties says it plans to sell those other 19 properties off within a year or so, because they are not consistent with its current investment strategy.