Parkway Properties Welcomes Balch & Bingham LLP to One Jackson Place and Unveils GodwinGroup Remodeled Space

Jackson, Miss. (September 13, 2011) – Parkway Properties, Inc., a Jackson-based real estate investment trust, will hold a ceremony at 11:00 am on Thursday, September 15, 2011, to unveil the 17,000 square foot newly-remodeled space of GodwinGroup, a Jackson-based integrated marketing and advertising firm, and to welcome Balch & Bingham LLP, a regional law firm, to their new 27,000 square foot office at One Jackson Place in downtown Jackson.

Steve Rogers, President and Chief Executive Officer of Parkway Properties, said “Parkway is pleased to announce the long-term commitment to downtown Jackson made by these first-class customers at One Jackson Place. Parkway is contributing to the rejuvenation of downtown Jackson by providing exceptional service to the customers in our properties, in order to attract and keep firms such as Balch & Bingham and GodwinGroup in the downtown area.”

Jackson Mayor Harvey Johnson echoed Rogers’ sentiment, saying “We are very pleased that these two nationally recognized firms chose downtown Jackson for their locations. The City of Jackson maintains a strong commitment to support our local businesses, and I applaud Balch & Bingham LLP and GodwinGroup for continuing to recognize the great value in remaining in downtown Jackson, the epicenter of commerce, government, education and culture for the entire region.”

The law firm of Balch & Bingham LLP selected One Jackson Place after considering other options. “Our new offices are a short walk from the Mississippi State Capitol, the Mississippi Supreme Court, and the federal and Hinds County Courthouses. Downtown Jackson has been our longtime home, and we believe our clients are best-served by us maintaining close proximity to the state’s corridors of power. Additionally, these new accommodations at One Jackson Place afford us room to grow, improved technological resources and services, expanded meeting capabilities and a more comfortable environment for our clients,” said Scott Andress, Managing Partner, Balch & Bingham Jackson office.

Philip Shirley, Chairman and CEO of GodwinGroup said, “Since opening our doors in 1937, GodwinGroup has been headquartered in downtown Jackson. This central location to serve Greater Jackson and the state has proven beneficial to both our clients and employees. We remain committed to downtown Jackson and are pleased to remain a customer in One Jackson Place.”

About Parkway Properties

Parkway Properties, Inc., a member of the S and P Small Cap 600 Index, is a self-administered real estate investment trust specializing in the operation, leasing, acquisition, and ownership of office properties. Parkway owns or has an interest in 67 office properties located in 12 states with an aggregate of approximately 14.5 million square feet of leasable space as of September 13, 2011. Included in the portfolio are 26 properties totaling 6.6 million square feet that are owned jointly with other investors, representing 45.5% of the portfolio. Fee-based real estate services are offered through the Company’s wholly-owned subsidiary, Parkway Realty Services, which also manages and/or leases approximately 12.9 million square feet for third party owners at September 13, 2011. Parkway Properties, Inc.’s press releases and additional information about the Company are available on the Company’s website at www.pky.com.

About Balch & Bingham LLP

Founded in 1922, Balch & Bingham LLP is a corporate law firm with more than 250 lawyers and lobbyists in offices in Atlanta, Georgia; Birmingham and Montgomery, Alabama; Gulfport and Jackson, Mississippi; and Washington, D.C. The firm represents individuals and businesses as well as multi-national corporations. It provides a variety of services, including litigation, banking, public finance, corporate and securities, labor and employment, environmental, healthcare, intellectual property, and energy law. For additional information, please visit the firm’s website at www.balch.com.

About GodwinGroup

GodwinGroup is headquartered in Jackson, Mississippi, with offices on the Gulf Coast, and serves clients nationwide. It has been recognized numerous times among the nation’s leading agencies by Ad Age and AdWeek. GodwinGroup provides branding, advertising and reputation management services, as well as Web marketing services through its digital arm WebMetro/Godwin. For more information, visit www.godwin.com and www.webmetrogodwin.com.

About Jackson Place

Jackson Place, which includes One Jackson Place, The Pinnacle at Jackson Place, and The Shops and Parking at Jackson Place, has a number of prominent, nationally and regionally recognized, professional services firms in the areas of law, accounting, architecture, real estate, insurance, and banking. Jackson Place is currently 84% leased and offers a variety of amenities to customers in the downtown area such as the Courthouse Racquet & Fitness Facility, Office Environments, Kolb’s Cleaners, The Shoeshine Doctor and Company, and E & J Car Detailing. Additionally, Smoothie King is slated to open in October 2011 followed by Wasabi, a sushi and martini bar, which is scheduled to open in November 2011.

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