Business Journals

Parkway to Buy Suburban Jacksonville Office Complex for $33M

Source:  Business Journals

Parkway Properties Inc. is adding to its Jacksonville portfolio of office buildings, entering an agreement to acquire a Deerwood-area property for $33.3 million. Orlando-based Parkway (NYSE: PKY) announced Monday afternoon it had agreed to buy the JTB Center, a three-building office property at 5011 Gate Parkway, in a deal expected to close by the end of the first quarter. The 248,000-square-foot JTB Center, currently owned by New York-based DRA Advisors LLC, is more than 94 percent occupied, according…

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